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21

2022

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09

China's Pork Market Data in Aug

Source:

Boyar; OIG+X

Domestic pork wholesale prices fell to about 27.5 yuan/kg, while the imported pork was at 15.19 yuan/kg, narrowing the price difference to about 12.5 yuan/kg, equaled at 1.79 US$ (USD/RMB=1:7).

 

Import market:

From Jan to Aug, China totally imported 1.79 million pork products, a YoY decrease of 52.87%. The total import value was 3.99 billion US dollars, a YoY decrease of 61.80%; The import unit price of pork products was 2,229 US$/T, a YoY decrease of 18.63%.

 

In Aug, mainland China imported 228,700 tons pork products, a MoM increase of 8.63%, while a YoY decrease of 41.32%. The import value of pork products in Aug was 568 million US dollars, a MoM increase of 15.83% yet YoY decline of 42.27% with the unit price of 2,483 US$/T, a MoM increase of 6.63% while a YoY decrease of 1.61%. Fresh, chilled and frozen pork was imported 139,200 tons, a MoM increase of 13.63% and a YoY decrease of 50.05% with the unit price of 2,275 US$/T, a MoM increase of 7.67% but a YoY decrease of 13.53%. Pork by-products was imported 89,100 tons, a MoM increase of 1.42% and a YoY decline of 19.63%.

 

Domestic market:

In Aug, the pig price fluctuated at a high level within a narrow range. The monthly average price was 21.7 yuan/kg, down 3.67% month-on-month. During the month, the national average daily price of live pigs was the highest at 23.28 yuan/kg, 0.65 yuan/kg lower than 23.93 yuan/kg in July. The lowest price in Aug is 21.15 yuan/kg with about 2 yuan/kg price adjustments.

 

Domestic pork wholesale prices fell to about 27.5 yuan/kg, while the imported pork was at 15.19 yuan/kg, narrowing the price difference to about 12.5 yuan/kg, equaled at 1.79 US$ (USD/RMB=1:7).