Farmers are rushing to expand pig production as profits rise to 500 yuan a head amid a 50% price spike.
The reason for the price spike:
1. Low profitability the year before caused farmers to reduce the number of sows
2. Piglet costs were/are rising
3. Farmers seeing the rise in pork prices, have been holding back their animals for sale
It's likely the PBOC also has a hand in this. Pork is up 50% in Guangzhou at the same time houses are up 25% in neighboring Shenzhen.
Finally, if the recent past is any guide, we can look forward to the great pork crash of 2016.
iFeng: 广州猪价4月涨五成 养殖户每头赚500元紧急补栏
CapitaLand Ascott Trust Q1 Gross Profit Up 15% on More Demand, Bigger
Portfolio
-
CapitaLand Ascott Trust achieved a 15 percent increase in gross profit
during the first quarter of this year, compared with the same period in
2023, with...
No comments:
Post a Comment