In this file:

 

·         China Media: China Rolls out Favourable Policies to Drive Pork Price to Drop

… "The country's pig production capacity is showing signs of recovery, and the current rise in pork prices is not sustainable. "Zhu Zengyong, an associate researcher at the institute of agricultural information under the Chinese academy of agricultural sciences… Since August, pork purchases in the canteens of enterprises and public institutions in Beijing have dropped by about 30% on month-on-month basis. Individual consumer purchases of pork have dropped nearly 30 percent since October…

 

·         US Media: China Is Importing a Record Amount of Meat

… Purchases this year are likely to be 5 million tons and increase even more next year, said Wang Bin, a vice director at the nation’s commerce ministry… Despite the push to buy more from abroad, Beijing has said there isn’t enough pork available in the world to fill the supply gap...

 

 

China Rolls out Favourable Policies to Drive Pork Price to Drop

 

Xianfeng Li, Business Times (China) 

Nov 07, 2019

 

As the Chinese central and local reserves of meat will be continuously put into market, along with the import of pork and beef increase significantly, the growth of pork price will fall thanks to the favorable policies and stable epidemic situation.

 

High pork prices have had a noticeable dampening effect on demand, with experts finding out that consumers are adjusting their menus to other meats as costs rise.

 

"The country's pig production capacity is showing signs of recovery, and the current rise in pork prices is not sustainable. "Zhu Zengyong, an associate researcher at the institute of agricultural information under the Chinese academy of agricultural sciences, told The Economic Daily.

 

On October 31, the average wholesale price of pig carcass in Beijing Xinfandi Agricultural Products Wholesale Market was RMB48.26(USD6.89)/kg, up 53.21% from RMB31.5(USD4.5)/kg on October 1.

 

Since August, pork purchases in the canteens of enterprises and public institutions in Beijing have dropped by about 30% on month-on-month basis. Individual consumer purchases of pork have dropped nearly 30 percent since October. Merchants at the Xinfadi Agricultural Wholesale Market in Beijing said they sold 10 pieces of pig carcass a day in August, and they sell only seven pieces now, that is far cry from 14 during the same period last year.

 

"Although the daily market volume of pig carcass in Xinfadi Agricultural Wholesale Market has dropped a lot compared with the same period last year, some of them are still returned to the factory because they are unsalable. "Beijing Xinfadi Agricultural Products Wholesale Market statistics department manager Liu Tong said .

 

As pig prices continue to rise, many farmers are reluctant to sell. Monitoring data showed that in October, the live weight of hogs from Shandong Province and other major producing areas have increased from 120 kg to more than 140 kg under normal conditions. In view of the central and local level of reserve meat will continue to release, pork imports and beef imports have increased significantly, the increase in pork prices will fall.

 

Meanwhile, favourable policies will lead to the pork price decrease. The enthusiasm of bolting and increasing production around the country is obviously improved, which is expected to drive the recovery of pig production capacity.

 

Since September, with the implementation of various favorable policies of relevant departments to support pig production, the enthusiasm of farmers to supplement and increase production has been significantly improved. Ministry of Agriculture and Rural Affairs data showed that the second half of pig farm capacity has been restored. So far, more than 20 provinces have introduced policies to support pig production. Under the policy support, the recent large-scale pig farm production recovery is fast.

 

In September, the number of pigs in China's large-scale pig farms with an annual output of more than 5,000 pigs increased by 0.6% on a month-on-month basis, among which the number of breeding sows increased by 3.7% on a month-on-month basis.

 

Pig feed production and sales overall rebound also confirmed the recovery of pig capacity. In September, the output of pig feed increased by 10%...

 

more

https://en.businesstimes.cn/articles/121627/20191107/china-pork-price.htm

 

 

China Is Importing a Record Amount of Meat

 

Bloomberg News

November 6, 2019

 

China’s meat imports will hit record levels this year and next, as the nation diversifies suppliers to cope with the ravages of African swine fever in the pork market.

 

Purchases this year are likely to be 5 million tons and increase even more next year, said Wang Bin, a vice director at the nation’s commerce ministry. Still, domestic pork supply should recover in the second half of 2020 as China stabilizes its pig production and as long as swine fever doesn’t return in a big way, he said.

 

With swine fever expected to cut China’s hog herd in half to about 200 million pigs, the country has opened the door to greater imports of not only pork but substitutes like beef and chicken. That’s had a knock-on effect on the global market, with meat prices rising to the highest in almost five years.

 

Still, with pork prices continuing to hit record levels in China, demand for the meat could collapse by 50%, according to the farm ministry’s Institute of Food and Nutrition Development in Beijing.

 

Households are now switching to other sources, pushing up the price of alternates like beef and poultry, alarming the government and giving the central bank an inflation headache. Even egg futures hit a record last week.

 

Despite the push to buy more from abroad, Beijing has said there isn’t enough pork available in the world to fill the supply gap...

 

more, including links, chart  

https://www.bloomberg.com/news/articles/2019-11-07/china-s-surging-meat-imports-to-sustain-record-levels-next-year