China

China's pig inventory declines by 7.5 million head

Pork

At the end of the liquidation process, there will be big opportunities for pork exporters present in this market.

Posted on Jun 19 ,12:23

China's pig inventory declines by 7.5 million head

Pig inventory in China is dropping fast as the producers are trying to limit their losses which are currently at about $30/head. The actual prices for Chinese pigs are considered to be at 4 years low.
The downturn has started about a year ago and, since then, local producers are liquidating their herds, as Xinhuanet agency reported. This month, China's Ministry of Agriculture and Rural Affairs reported pig inventory dropped by 1.9% in May against April and 2% against last year. Sow inventory dropped by 2.5% in May against April and 3.9% against last year.

According to a Genesus global report, more than 800,000 sows were slaughtered in May as part of the liquidation process. "It is estimated pig inventory is declined by 7.52 million and sow inventory dropped 838,100 in May. The losses of over $30 per head since the first of the year appears to be triggering large liquidation", said Jim Long, CEO and President of Genesus in the report.
Nevertheless, he also believes that pork exporters will benefit in the next months, as the liquidation process will slow down. "We expect China’s hog prices to rebound to $60-70 per head pulling in more imported pork", added Long.

 NEWSLETTER - Stay informed with the latest news!

Comments





Similar articles

UK

AHDB: The UK pork industry post-Brexit

Labour shortages and workforce challenges Since Brexit, labour shortages have emerged as one of ...


Read more Read more
UK

AHDB: UK-US pork trade and Trumps tariffs

Trumps tariffs On 2 March 2025, US President Donald Trump, announced ‘reciprocal tariffs&r...


Read more Read more
BRAZIL

BRF and HPDC announce new food plant in Jeddah, Saudi Arabia

BRF, one of the world's largest food companies and owner of the Sadia, Perdigão, Qualy and...


Read more Read more
Websolutions by Angular Software and SpiderClass