The scale of the stock of #pigs has significantly contracted for a year or so, which meant that the actual capacity of the pig industry in #China had remarkably declined, said CF40 member Lu Feng. cf40.org.cn/uploads/newsle… 1/6
During the same period of time, the number of reproductive sows greatly dropped, putting a constraint on the future development of the pig industry’s production capacities.2/6
The slaughtering rate of pigs jumped above its long-term average, showing that the pork industry is overdrawing its future actual capacities.3/6
The above interconnected facts could explain the recent surge in pork price in China, and they also suggest that the price hike may continue or even aggravate in the short-mid run. 4/6
The major problem is the inadequate supply of pigs. The solutions are to reinforce and stabilize the production of pork so as to secure adequate supplies in the market. 5/6
The shift of focus from “reinforcing” to “stabilizing” has reflected the dynamic assessments of economic realities and the practical adjustments of policies by the decision makers in China.6/6
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