April 23, 2010
 
China's hog production plunges for 10th consecutive week
 

 

The parity between pigs and grain in China's hog production has been lower than the breakeven point for 10 straight weeks due to consistent drop of pork prices, according to the National Development and Reform Commission (NDRC).

 

A survey by the NDRC showed that prices of pigs, piglets and pork had respectively slumped by 13 weeks, 14 weeks and 15 weeks running. On April 7, the parity between pigs and grain dipped to five to one, the 10th straight week for the parity below breakeven point of six to one.

 

Hog prices have begun to rise recently as a result of the government's pork procurement programme, according to reports. The price on April 14 gained 1.2% than that a week earlier, the first price rise in the past four months. However, hog production is still suffering losses.

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