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What is the reason for the recent sharp drop in pork?
The decline in pig prices is inseparable from the real increase in the supply of live pigs in the market. According to Rural Green Paper: Analysis and Forecast of Rural Economic Situation in China (2020~202 1), with the further growth of pig production capacity after full recovery, pork production in China will increase substantially. According to the report, in 20021year, although pig breeding still faces uncertainties such as African swine fever, due to high income, effective epidemic prevention measures and the accumulated experience of various farmers in dealing with African swine fever in recent years, the pig production in China will increase substantially. As the saying goes, "scarcity is precious", there are more pigs, although the market decline is normal.

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Reply time: 2022-0 1-27. Please refer to the latest business changes announced by Ping An Bank in official website.