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China: Pig slaughter up 44% in May

The volume of pork on the Chinese market has continued to increase recently. In May, the slaughter volume increased 44% year-on-year.

In May, the slaughter volume of designated pig slaughter companies above a certain size nationwide was 19.96 million head, a year-on-year increase of 44%. With the continuous increase in market supply, pork prices have entered a downward trend. Reasons for this trend include:

Production and supply have increased
Pork consumption in the second quarter has decreased
Production of beef, mutton, and poultry in the first quarter increased by 6% to 8% year-on-year

Recently, due to the combined effects of large-weight live pigs for slaughter, increase in imported frozen pork, and weak seasonal demand, the price of live pigs has continued to fall. On June 16, the National Development and Reform Commission issued a three-level warning for excessively falling pig prices.

The National Development and Reform Commission will closely monitor live pig production and market price trends, carry out reserve adjustments in a timely manner, and promote the smooth operation of the live pig market.

June 18, 2021/ Xinfeng County People's Government/ China.
http://www.jxxf.gov.cn/

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