meat prices have dropped significantly

Regarding the price trend of general concern, Meng Wei, deputy director and press spokesman of the Policy Research Office of the National Development and Reform Commission, said on the 16th that as of now, the price of pork in 36 large and medium-sized cities, supermarkets and bazaars is higher than the high point in mid-February The decline has exceeded 20%. The comprehensive average price of 15 kinds of vegetables has dropped by more than 40% from the high point at the end of January, and the prices of pork and vegetables have dropped significantly.

 

Data released by the National Bureau of Statistics yesterday showed that in May, the consumer price index (CPI) rose by 2.4% year-on-year, a decrease of 0.9 percentage points from the previous month, and a decrease of 0.8% from the previous month. “This is the smallest increase in the past 14 months, especially the gap between the year-on-year increase of CPI and core CPI is narrowing,” according to Meng Wei. The main reason is that as the production and transportation of fresh agricultural and sideline products return to normal, a large number of fresh vegetables are listed The production and expansion of live pigs is in good shape, and the effective supply of agricultural and sideline foods has increased significantly. In that month, the prices of pork, fresh vegetables, chicken, and eggs fell by 8.1%, 12.5%, 4.1%, and 4.8% respectively, which had a significant effect on the CPI decline. The core CPI excluding food and energy prices rose by 1.1% year-on-year, and continued to maintain a stable operation.
  Regarding how pork prices will change in the future, as well as the trend of food prices, Meng Wei revealed that the current resumption of live pigs is better, the scale of large-scale breeding plants is expanding faster, the scale and standardization of live pig breeding, and the safety of biological safety protection The level has improved significantly. The monitoring data of the relevant departments show that the number of capable sows and the number of live pigs has rebounded significantly from September and October last year. The number of newborn piglets has been increasing for many consecutive months, and it is expected that the supply of fattening pigs will tend to improve in the third quarter of this year. “Overall judgment, pork prices are expected to maintain a steady decline in the second half of this year, and may fluctuate with seasonal and festive demand changes.” Meng Wei said.
  In addition, this year’s summer grain area is stable, yields have increased, the harvest has reached 90%, and the bumper harvest is a foregone conclusion. “China’s supply of grain and edible oil is sufficient, and the price of grain and oil is expected to run smoothly. The prices of vegetables and fruits may have normal seasonal fluctuations, but the overall food prices will remain basically stable.” Meng Wei introduced, from the whole year Because China has sufficient macro policy space, strong domestic market support, and sufficient resilience and potential for economic development, the main industrial and agricultural industries are in a good production and production situation, and all types of consumers have sufficient supplies to maintain stable prices. Solid foundation. As the effect of tail-lifting gradually declines, it is expected that the CPI increase will continue to narrow later this year. The whole year may show a trend of high and low, and prices will always fall out of a reasonable range.

Post time: Jun-16-2020

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