Charcuterie News, November 2020

Pork supplies in China will increase by 30 percent year-on-year during the January-February peak consumption season, and prices will be stable, the Ministry of Agriculture and Rural Affairs said last week.

Hog numbers have been steadily recovering throughout China, as pig farmers have been motivated by Government to expand herd numbers.

Chen Guanghua, deputy chief of the ministry’s animal husbandry and veterinary medicine bureau, told a news conference, “The pork supply situation will fare better and better in the future,” he said. 

“Experts estimate that pork prices during next year’s New Year’s Day in early January and Spring Festival in mid-February will be lower than last year’s level, and no price spike will occur. It is guaranteed that people will not have to face a shortage of pork products during these festivals.”

According to ministry data, this year alone, 12,500 new pig farms opened, and 13,400 previously idle farms resumed production. This data also shows that by the end of last month, stocks of breeding sows had been increasing for 12 consecutive months and pig inventories had been rising for eight straight months.

“In June and July, stocks of breeding sows and hogs registered their first year-on-year increases, which signalled crucial turning points in the recovery of pig production,” Chen said.

The ministry said breeding sow and hog herds have recovered to over 80 percent of the levels seen before African Swine Fever spread throughout the country.

“If this trend continues, we are confident of realizing the goal of restoring the country’s hog production capacity to the normal level by the end of this year,” Chen said.

In the meantime, more hogs have been slaughtered for market, and total import volume from January to September reached about 3.29 million metric tons, up 132.2 percent year-on-year.

 

 

This article was originally published in AMIC’s Prime Cuts e-newsletter on 28 October 2020.