Pork Price Hits A New High

It is understood that from the second half of last year, China's hog prices and the price of cold meat has been on the increase. Until the July the price of live pigs and cold meat reached a record high, this is almost close to the price of pork in 2008. The increasing pig prices caused great concern in the relevant ministries.

In May and June, which are originally off-season for pork consumption, the price increases everyday. The survey shows that the average price of lean meat, the back, front and rear legsis 32 yuan per kilogram, 27 yuan per kilogram, 28 yuan per kilogram respectively, an increase of 42.14%, 87.92%, 91.24% respectively compared with the same period of last year.

With pork prices continuing to increase, the breeding sections of the listed companies have ushered in a wave of rising prices. From May 31 to June 8, in just six trading days, the shares rose 32%. In recent days, the statistics show that, due to the strong economic growth and market demand and the decline of China's pork production, the price of pork will continue to increase. The pork traders expected that due to the inadequate local supply, the momentum can be maintained until at least this summer, and even continue into the next year.

It is reported the price of meat was strong in the first half of 2011, resulting in the decline of the production and some pig farmers not raise pigs any more. Because the number of live pigs reduced and the continuing strong demand for pork, pork prices in August grew from last year's less than 20 yuan / kg in March to 30 yuan / kg. Ministry of Agriculture figures show that in the February of 2011 the number of domestic pig herds is about 445 million, a decrease of 3.2% than last year.

As pork prices pushed the purchase price of piglet to increase. Now the selling price of a piglet is 500 yuan. Many farmers are afraid to risk and dare not buy in large quantities, causing the current shortage of pig breeding stock. When the Mid-Autumn Day's coming, it is the peak consumption period. The market demand will increase again and the price is difficult to come down. It is expected that until the Spring Festival of this year, pork will continue to be sold at a high price. Until the July the price of live pigs and cold meat reached a record high.