Based on Reuters calculations citing official data, China's pork production in the third quarter of this year increased 18% year-on-year to 8.4 million tonnes, showing signs that swine output is steadily recovering for the world's biggest swine producer, Reuters reported.
Hog demand shrank prominently over the past two weeks as slaughterhouses halted operation during the holidays. Sales of pork carcass in major wholesale centres plummeted over the week by 9.9%, from 6,094 tonnes to 5,490 tonnes. Prices of pork carcass were down 1.8% to RMB44.40/kg.
China wants to reduce its dependency on pork imports and has set an ambitious goal to become almost self-sufficient in the staple.