Pork Prices Fell For The First Time For The First Time In Three Months

Under the policy of series support and regulation,

According to data released by the Ministry of Commerce on 26, last week (from July 18th to 24th) the price of pork in the edible agricultural products monitored by the Ministry of Commerce dropped by 0.2% over last week (the same below). This is the first time that the price of pork has come down in May.

The downward trend of pork prices is getting more and more obvious.

Ministry of Commerce monitoring showed that pork prices fell by 0.2%, but mutton, beef and chilled chicken were also affected by a slight increase in pork market supply and a weak market demand.

In fact, the price of pork has fallen from the middle of the year.

The Ministry of Commerce's latest monitoring data showed that pork prices rose by 0.2%, or 2.1 percentage points.

The average price changes of major foods in 50 cities released by the National Bureau of statistics also showed that pork prices rose in the two phases since July. The price of pork in early and mid terms was only 0.58 and 0.03 percentage points higher than that in the previous period.

For the pig price trend in the second half of the year, Zhou Wangjun, deputy director of the national development and Reform Commission's price department, said recently that from this round of pig production cycle, pork prices should be basically stable or stable before the Spring Festival next year.

Chen Mengshan, chief economist of the Ministry of agriculture, also said that at present, pig farms have been growing for four consecutive months, raising the efficiency of raising pigs has also increased the enthusiasm of farmers to fill the barriers.

Aquatic products continued to rise for 12 weeks.

It is worth noting that the Ministry of Commerce monitoring showed that due to the hot and rainy weather, the pportation cost of aquatic products increased, and the market supply was relatively low during the freshwater fish farming and off season fishing season. The average wholesale price of the 8 aquatic products increased overall, up 1.4% over the previous week, which is the twelfth consecutive week of rising data.

Reporters noted that due to the droughts and droughts in southern parts of China since May this year, the local aquaculture industry has caused a significant impact, and some aquatic products prices have risen by more than 20%.

Monitoring also showed that last week, the average wholesale price of 18 vegetables continued to decline by 1.5%, a decrease of 0.7 percentage points, of which cabbage, beans and ginger decreased by 15.8%, 4.2% and 3.3%, respectively, while cucumber and garlic fell 2.9%.

The price of other vegetables except vegetables has also increased in varying degrees.

Monitoring showed that retail prices of grain and oil decreased, including flour, peanut oil, soybean oil and rapeseed oil rose by 0.2%, 0.4%, 0.2% and 0.2% respectively, or 0.2, 0.7, 0.2 and 0.1 percentage points respectively.