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China’s Pork Prices Expected to Increase Slightly
Pork prices in China are expected to experience modest increases in the future, despite a week-on-week decline from July 3 to 9, experts said.
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China cuts its pork imports in half
In 2022 China imported 1,760,000 t of pork or 2,870,000 t including offal, which represents decreases of 53% and 42%, respectively, in relation to imports in 2021, which stood at 3,710,000 t of pork and 4,990,000 t of pork and offal. Imports of offal alone have only decreased by 13%.
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Evolution of Chinese pork imports
Chinese imports of pork and offal remain well below those of the same period of the previous year.
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China: pork prices are picking up again
In China, the mood on the slaughter pig market has brightened slightly, because the slaughter pig prices have risen by around 43% compared to March and are therefore again above the break even point despite higher feed costs.
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China readies to stockpile pork following price warnings
China is set to stockpile pork for state reserves as an index monitoring pork prices triggered a second-level warning.
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China ends the year with a drop in pork imports
After years of increases, China reduced its pork imports by 15% in 2021.
