Ministry of Agriculture and Rural Affairs: It is expected that pork prices will gradually stabilize in the later period.

In July, the price of pork stopped falling and started to rise. Looking from the production side, the number of sows for breeding increased fluctuated from April to November 2024. By projecting 10 months forward, it is expected that the number of slaughtered pigs in the third quarter of this year will be higher than the same period last year, indicating an ample supply of pigs in the short term. Some large-scale breeding farms have reasonable expectations for the future pig market and have started to reduce the number of sows for breeding and large weight pigs in stock. Small-scale farmers have also reduced the purchase and storage of piglets, alleviating the risk of large-scale centralized slaughter of pigs in the future. From the consumption side, the continued high temperatures in the short term, combined with rainfall in some areas, are not conducive to the transportation and consumption of pork. From the trade side, the price difference between domestic and foreign pork is narrowing, and the monthly import volume of pork is expected to trend downwards. Overall, in the short term, there is ample pork supply and weak consumption. With continuous optimization and adjustment of pig production capacity, coupled with the peak season for pork consumption, the prices of live pigs and pork are expected to stabilize and operate smoothly.