Thread by @ChinaFinance40

#China’s #pork price rose sharply in August, by more than 125% compared with January, and is expected to continue to rise in short- and mid-term due to shortage in the supply of live pigs, according to CF40 advisor Lu Feng: mp.weixin.qq.com/s/oFbVcnCOxlFz… 1/5

In recent years, in particular last year, stock of live #pigs in China dropped sharply, which signals significant decline in pork production in China. Increasing pork production would also be difficult in near future due to decline in the number of breeding sows. 2/5

At present, the pork production system is overloaded and could threaten future production capability. Other meat price would also rise due to the rise of pork price. 3/5

While movement of pork price tends to be affected by both demand and supply on the market, historical data shows that residents’ demand for pork has remained relatively stable in recent years- indicating supply-side reason for the price rise. 4/5

Government has convened at least four working conferences aimed at promoting pork production and stabilizing pork price since last November. Also, a few local govts put forward restriction policies for pork purchase and price,all of which have been rarely seen for many years. 5/5