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2022

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11

The Annual Import Volume of Pig Products May Less Than 2.8 Million Tons

Source:

BOYAR

October saw a new high for this year in pig prices, with the highest one of 28.49 yuan/kg, up 4 yuan/kg at end-Sept. The average monthly hog price was 26.88 yuan/kg in Oct, rising 13.36% MoM.

 

  1. Pork imports showed an MoM increase in Oct

China mainland imported about 239,700 tons of pork and pig offal products, down 2.56% MoM and 20.17% YoY, with the import value of 622.45 million US dollars, up 1.68% MoM yet down 4.10% YoY. A total of 156,300 tons of fresh, chilled or frozen pork were imported in Oct up 1.81% MoM yet down 20.61% YoY. The import price is around 16.99 yuan/kg surging 6.46% MoM and 11.62% YoY. The import volume of pig offal products was 83,100 tons, declining 9.84% MoM and 19.39% YoY.

 

  1. Larger price gap between imported pork and domestic pig carcasses

October saw a new high for this year in pig prices, with the highest one of 28.49 yuan/kg, up 4 yuan/kg at end-Sept. The average monthly hog price was 26.88 yuan/kg in Oct, rising 13.36% MoM. And the monthly pig carcasses wholesale prices rose to 35.00 yuan/kg. Also 5 consecutive months have found the rise in average import price of pork as the one in Oct was 16.99 yuan/kg. The price gap surged to around 18.00 yuan/kg between domestic pig carcass wholesale prices and imported fresh, chilled and frozen pork prices. (around 2.57 US$, 7:1=USD:RMB)