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Recently, the Ministry of Agriculture and Rural Affairs issued the "Three-year Action Plan to Accelerate the Recovery and Development of Pig Production" which aims to stabilize the production and supply of pigs, recover the country's pig population, and ensure the supply of pork during New Year's Day (January 25, 2020). Industry experts pointed out that the shortfall in pork supply has eased recently, and the period of high pork prices has passed.
Data released recently by the Ministry of Commerce and the Ministry of Agriculture and Rural Areas show that national pork prices have fallen for four consecutive weeks. The wholesale price of pork was 42.35 yuan per kilo for the week of November 25 to December 1, a decrease of 3% month-on-month, which was the fourth consecutive week of decline. The price of pork on December 1 was 41.48 yuan per kg, a decrease of 10.92 yuan from the peak price on November 1, a drop of 20.84%.
The expectation that pork prices will continue to rise in the later period has lessened, and authorities are confident that the pig production target will be achieved by the end of next year.
December 12, 2019 /MRM/ China.
http://www.mrm.com.cn/
