July 20, 2022

 

China pork production in the second quarter of 2022 highest in years

 


According to calculations based on official data, China's pork production in the second quarter of 2022 reached 13.78 million tonnes, the highest level for this period since 2015, Reuters reported.

 

After the deadly African swine fever (ASF) disease decimated China's swine herd in 2019, farmers increased the number of sows in their flocks in 2020 and 2021, which led to the surge.

 

Due to the fact that it comes immediately after a spike in slaughter for China's Lunar New Year holiday in the months of January to March, the second quarter typically has the lowest production of pork.

 

According to data from the National Bureau of Statistics, China produced roughly the same amount of pork in April through June of this year as it did in the same period last year. Additionally, it represented a 2.4% increase over the same time last year.

 

365.87 million swine were slaughtered in the first half of the year, according to the data.

 

Boya Consulting reported a year-over-year increase of 48% for the 16 listed hog producers who sold a total of 63.6 million swine, with top producers Muyuan Foods and Wens Foodstuff reporting increases of 80% and 70%, respectively.

 

However, the high production coincided with a drop in demand brought on by ongoing COVID-19 outbreaks, which put pressure on prices and farming profits.

 

Farmers lost money for the majority of the first half of this year, with margins only started to turn positive in June.

 

They started culling some of their sows late last year and accelerated the process in the first quarter despite suffering significant losses; this could result in a decrease in output later in 2022.

 

Beijing's state planner intervened to try to cool a surge in prices recently, indicating that rising prices are already causing concern there.

 

The statistics bureau reported that the total number of pigs increased from 422.53 million at the end of March to 430.57 million at the end of June.

 

-      Reuters

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