China's pig prices have plummeted, which may inhibit the rise in food prices in the world's largest pork production countries and consumer countries.
According to Bloomberg, the pig futures of Dalian Commodity Exchange fell more than 7%on Monday (December 12), which touched the lowest level in the market since April.
Reported and said that farmers hurriedly sent pigs to slaughter to meet their needs before the Spring Festival next January, but they found that consumption was not as expected as expected.
Muyuan, a Chinese animal husbandry breeding enterprise, recently raised the expectations of pig slaughter this year. Wang Xiaoyang, a senior analyst at Guojin Futures, said that this shows that the market may usher in more supply this month.
Wang Xiaoyang also said that the demand for meat pickles is also weaker than expected, which constitutes pressure on the price.As the price is concerned about further decline, small farmers are increasing sales.
It is reported that farmers usually send animals to slaughter before the Spring Festival for relatives and friends to enjoy big meals when they are reunited.After the government relaxes the epidemic prevention regulations, this year's consumption has begun to rise slowly.
The relaxation of the dynamic clearing policy has also improved transportation and logistics, resulting in more meat foods entering the market.
