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03

2022

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12

China’s Pork and Egg Wholesale Prices in Nov

Source:

OIG+X

From the chart we can see that the wholesale price for pork in Nov showed an upward trend, so does the egg, while the chicken wholesale price is stable.

From the chart we can see that the wholesale price for pork in Nov showed an upward trend, so does the egg, while the chicken wholesale price is stable.

 

Throughout the whole month, the highest pork price was at USD 4.39/kg on Nov 30. The reason for the increase of pork price is that the temperature in most parts of the country has dropped significantly, which is conducive to pork consumption. In particular, some parts of the north have snowy weather and the previous lockdown for epidemic control, which reduces the slaughter of live pigs. In the south, due to the dramatic temperature drop, the demand for smoked pork has increased, supporting the price of pigs. In late December and early January, if the concentration of pig selling is too high before the Chinese New Year, the pig selling price may be weak again.