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| Pig prices recently fell, the latest monitoring data show, as of now, national hog prices have dropped below 14 Yuan per kg cost line. Experts say the pig price high season crash is extremely rare, it has never happened in the past ten years.
According to the information, according to January 13, the national pig prices have fallen to 13.36 Yuan per kg, down 0.42 Yuan on Friday, down to 3.05%.
According to information published jointly with the National Bureau of circulation of important means of production market showed early in January 2014, in 24 provinces (autonomous regions and municipalities), hog prices compared with late December 2013, by 7.2%, extending a bear market since the mid-December 2013.
Sozu Web Feng Yonghui, principal analyst, told the press conference of the economic information daily, while the number of surplus directly led to an oversupply of live pig market situation. He said, 2011-2012, pig production capacity has expanded dramatically, and excess capacity situation in the summer of 2013 were manifested. But not the market after eliminating backward production capacity, reducing the stock.
Other hand, the recent peak market demand for pigs also change. Until the end of December 2013, the demand for pork in southern China began to recover, and appears at the beginning of December in previous years demand picks up.
Said Feng Yonghui, pig prices began to drop in mid-December 2013, food procurement continue to bargain and that business strategy, market panic selling is very prominent. Although this phenomenon has been found in 2009, but pork prices dropped below the cost of line losses during the high season, for the first time in ten years. | |
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Chinese info on pig pricing
