China’s Pork Prices Show Signs of Stabilizing After Prolonged Decline
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China’s pork prices are showing early signs of stabilizing after a prolonged decline, as faster capacity cuts and government stockpiling begin to rebalance supply.
The shift matters beyond the farm sector. Pork is a key component of China’s consumer price index, and its earlier slump has been a major drag on inflation, adding to broader deflationary pressures.
Vice Agriculture Minister Maierdan Mugaiti said Thursday that the number of breeding sows has fallen for nine straight months, while March piglet births dropped year-on-year for the first time in over a year — early signs that excess capacity is being reduced.
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- China’s pork prices stabilizing after decline due to faster sow capacity cuts and government stockpiling.
- Breeding sows fell to 39.04 million end-March (down 3.3% YoY); March piglet births dropped YoY first in over a year.
- Wholesale pork rose to 14.83 yuan/kg ($2.17) from 14.4 yuan low, but rebound uncertain amid ample supply.
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