Chinese Pork Prices Climb 30pc in 5 Weeks

iFeng: 重回10元以上！猪肉价格五周涨超30% 因为…

According to the monitoring of the Ministry of Agriculture and Rural Affairs, in the 45th week of 2021 (November 8-November 14), the weekly average price of pork in the wholesale market was 24.02 yuan per kilogram, an increase of 3.8% from the previous month, which was a five-week increase, with a cumulative increase of 34.9%. This is 39.0% lower than the same period last year.

The wholesale price has risen by more than 30% in more than a month, so has the retail price changed much?

At a pork stall in a vegetable market in Xicheng District, Beijing, the big five flowers are priced at 18 yuan per catty, the front and rear tip is priced at 16 yuan per catty, and the front elbow is priced at 13 yuan per catty.

"The meat has gone up a bit recently, like when the front and back tips were cheaper than before, it went up by two or three yuan." The merchant said.

A reporter from Chinanews.com noticed that the price tag on the front and rear tip still left 15 yuan to 16 yuan, and the front elbow was directly changed from 12 yuan to 13 yuan.

Chinese pork prices suffered a genuine supply-shock in 2020 because swine herds will killed in 2019 by Asian Swine Flu. Another small wave recently hit the south and helped spike pork prices now.

Seeing that the price of pork has returned to more than 10 yuan per catty, many people worry that the price of pork will continue to "climb the stairs."

In this regard, Feng Yonghui believes that pork prices have rebounded only because of the rebound in demand. "According to official data, this wave of rise is not cyclical and trendy. The current pig production capacity is still at a high level, so it is only a phased rebound."