China's pork prices rise too much

“Splurge on pork again today!” In recent days, the ridicule among good friends gathered again on the price of pork.
National Bureau of Statistics spokesman Fu Linghui said in response to a conference at the State Council Information Office on August 14, pork prices rose mainly due to two factors: on the one hand, as enterprises resume work and production, food and beverage services gradually recovered, the demand for food and beverage related to pork has expanded; on the other hand, due to the southern floods in July for the production and transportation of pigs adversely affected, resulting in pork prices rose too much.
Pay Linghui said, the impact of food prices from the structure seems to be the first two aspects, one is pork prices, pork prices in July rose 85.7% year-on-year, the impact of consumer prices is 2.3 percentage points; two is the price of fresh goods in July rose 7.9% year-on-year, the impact of consumer demand prices nearly 0.2 percentage points. These three for the overall rise in consumer prices is the primary factor in promoting.
In recent years, China’s agricultural and rural economy has achieved significant development, but there are still some problems in the development process. To solve these problems, it is necessary to strengthen the management of the agricultural economy and improve the existing agricultural economic model. There is a need to improve the grass-roots democratic system and to mobilize the enthusiasm and creativity of farmers. There is a need to increase financial and technical support and to improve the efficiency of agricultural production. There is a need to focus on the development of agro-industry, to strengthen education and training in order to improve the overall quality of farmers, and to improve the posture of agricultural resources in order to achieve the goal of a sustainable development strategy.
No. Statistical time Grain production (tons)
1 2002 45705.75
2 2003 43069.53

3 2004 46946.95
4 2005 48402.19
5 2006 49804.23
6 2007 50413.85
7 2008 53434.29
8 2009 53940.86
9 2010 55911.31
10 2011 58849.33
11 2012 61222.62
12 2013 63048.20
13 2014 63964.83
14 2015 66060.27
15 2016 66043.51
16 2017 66160.72
17 2018 65789.22
18 2019 66384.34

Food production has been stable at more than 1.3 trillion kilograms for five years in a row, and our production capacity and stability is well equipped and based. The staff of the Dezhou Development and Reform Commission said that the average price of pork was 58.34 yuan per kilogram last week, and the price stabilized without much fluctuation, and the price of hogs and piglets decreased slightly. Comprehensive consideration of the resumption of pig production, pork imports increased, poultry meat and other substitutes in sufficient quantities to stabilize prices and other factors, the market supply is secure. Because the pork growth is mainly driven by the recovery of consumption, pork prices may rise in ten days. The head of the Ministry of Agriculture and Rural Affairs similarly believes.

We don’t feel that prices are soaring because inflation is being kept under 3% per year, I don’t feel it, or the impact on our lives is not very serious. It’s not serious, but its relative impact on our lives cannot be ignored. The main effects are as follows.

First, the cost of living has increased

When prices go up, the cost of living inevitably goes up. We are not discussing that here. The rich don’t care about the cost of living, but the average person will be greatly affected. For example, the price of meat has gone up, the percentage of meat in our current diet has gone down a lot, and the quality of life has gone down as well.

Secondly, debt is diluted.

In fact, higher prices mean a devaluation of the currency. We can see that many wealthy people actually have a lot of debt and invest more of their money. Once the currency is devalued, things have value, which means that they are diluting their debt in disguise.

For example, many farmers who used to raise pigs were kept in debt. When the price of pork went up, they made a lot of money. At this point, the people who made the most money were those who had something on hand, as they were the biggest beneficiaries of the price increase.

However, those who later enter the hog industry or invest in the hog industry are actually paying high prices for camouflage at this time. Due to the devaluation of the currency, we are very jealous of investments when inflation is severe.

Third, it’s harder to work to earn moneyWe common people often say that it’s harder to make money when we’re losing money. This is because the growth rate of our wages and income is not keeping up with the inflation rate, so we find it harder and harder to make money.

At this time, the only way out for the average citizen or farmer is to open more money, like working more part-time jobs or starting small businesses. This is the best option for the common man.

According to the market survey found that from the fourth week of May to the fifth week of July, pork 1 kg up 10 yuan, many consumers can not understand, in previous years, the summer is the off-season pork consumption, why pork recently increased prices?
In fact, according to industry insiders’ analysis, the current round of pork price hike is mainly driven by consumption, but also boosted by weather changes and other factors.
According to Guangzhou’s price monitoring and early warning system, pork prices have been on an upward trend in January, with two price hikes, up over 7% from the previous month.
Overall, hog prices may remain high in the short term due to factors such as reduced seasonal supply, limited pork imports and partial supply due to transportation.
Last year’s pork prices had also been rising. In this year’s pork price hike, supporting farmers and pig farms, restoring and expanding production capacity, and guiding alternatives such as chicken and beef to increase supply are still effective solutions that can ease the constant upward price movement.
On the consumption side, with the epidemic prevention and control entering the normalization stage, pork consumption potential to accelerate the release of pork is expected to maintain the momentum of growth in the catering industry pork consumption later.
Of course, in the rest of this year, domestic hog production recovery continues to improve, so as to provide greater support for the later market hog supply, which means that in addition, this year’s pork imports are expected to increase by more than 1 million tons over last year, and poultry meat production by more than 1.2 million tons. According to the comprehensive analysis of the Ministry of Modern Agriculture and Rural Affairs, the tight pork supply situation will gradually ease after the third quarter, and the pork market supply in general will be assured in the second half of the year. Fu Linghui, a spokesman for the China Bureau of Statistics, said on the 14th: “The government has expanded pig production capacity in a timely manner, and from our survey, the stock of pigs is rising quarter by quarter. Overall, the possibility of a sharp rise (in pig prices later) is not very high. In the second half of the second half of the pork supply relations continue to improve, pork prices continue to rise is unlikely, we do not need to worry too much about pork prices will continue to rise sharply.
“Today, the luxury of buying pork again!” In recent days, the ridicule among good friends gathered again on the price of pork.
National Bureau of Statistics spokesman Fu Linghui said in response to a conference at the State Council Information Office on August 14, pork prices rose mainly due to two factors: on the one hand, as enterprises resume work and production, food and beverage services gradually recovered, the demand for food and beverage related to pork has expanded; on the other hand, due to the southern floods in July for the production and transportation of pigs adversely affected, resulting in pork prices rose too much.
Pay Linghui said, the impact of food prices from the structure seems to be the first two aspects, one is pork prices, pork prices in July rose 85.7% year-on-year, the impact of consumer prices is 2.3 percentage points; two is the price of fresh goods in July rose 7.9% year-on-year, the impact of consumer demand prices nearly 0.2 percentage points. These three for the overall rise in consumer prices is the primary contributing factor.
Food production has been stable at more than 1.3 trillion kilograms for five years in a row, and our production capacity and stability is well conditioned and based. Dezhou Development and Reform Commission staff said last week, the average price of pork 58.34 yuan per kilogram, prices stabilized, there is not much volatility, hogs, piglets prices have a slight decline. Comprehensive consideration of the resumption of pig production, pork imports increased, poultry meat and other substitutes in sufficient quantities to stabilize prices and other factors, the market supply is secure. Because the pork growth is mainly driven by the recovery of consumption, pork prices may rise in ten days. The Ministry of Agriculture and Rural Affairs officials similarly believe.
According to the market survey found that from the fourth week of May to the fifth week of July, pork 1 kg rose 10 yuan, many consumers can not figure out, in previous years, the summer is the off-season pork consumption, pork recently why prices rose again?
In fact, according to industry insiders’ analysis, the current round of pork price hike is mainly driven by consumption, but also boosted by weather changes and other factors.
According to Guangzhou’s price monitoring and early warning system, pork prices have been on an upward trend in January, with two price hikes, up over 7% from the previous month.
Overall, hog prices may remain high in the short term due to factors such as reduced seasonal supply, limited pork imports and partial supply due to transportation.
Last year’s pork prices had also been rising. In this year’s pork price hike, supporting farmers and pig farms, restoring and expanding production capacity, and guiding alternatives such as chicken and beef to increase supply are still effective solutions that can ease the constant upward price movement.
On the consumption side, with the epidemic prevention and control entering the normalization stage, pork consumption potential to accelerate the release of pork is expected to maintain the momentum of growth in the catering industry pork consumption later.
Of course, in the rest of this year, domestic hog production recovery continues to improve, so as to provide greater support for the later market hog supply, which means that in addition, this year’s pork imports are expected to increase by more than 1 million tons over last year, and poultry meat production by more than 1.2 million tons. According to the comprehensive analysis of the Ministry of Modern Agriculture and Rural Affairs, the tight pork supply situation will gradually ease after the third quarter, and the pork market supply in general will be assured in the second half of the year. Fu Linghui, a spokesman for the China Bureau of Statistics, said on the 14th: “The government has expanded pig production capacity in a timely manner, and from our survey, the stock of pigs is rising quarter by quarter. Overall, the possibility of a sharp rise (in pig prices later) is not very high. In the second half of the second half of the pork supply relationship continues to improve, pork prices continue to rise unlikely, we do not need to worry too much about pork prices will continue to rise sharply.