June pork prices may usher in recoverable rises

In view of the current sluggish prices of live pigs, the Ministry of Commerce, the National Development and Reform Commission, and the Ministry of Finance will start the second batch of frozen pork storage and storage in the central reserve in 2013. According to the analysis in the industry, as the country has stepped up its efforts to collect and withdraw reserves and some farmers have withdrawn, pork prices are expected to usher in a recoverable rise in June and have entered a new round of rising cycles thereafter.

After the Spring Festival, the domestic pork prices continued to decline. According to the Xinhua News Agency's national agricultural and sideline products and agricultural materials price system monitoring data show that since mid-February, the national pork prices have dropped significantly, the current price since the end of January 2011 since the new low. Li Guoxiang, a researcher at the Institute of Rural Development of the Chinese Academy of Social Sciences, said that after the country adopted the first round of frozen pork storage, it had a certain effect on stabilizing the price of pork, but it had not yet reversed the trend of falling prices. Therefore, it carried out the second round of storage. Due to the high requirements for storage conditions of pork, the scale of purchase and storage is subject to certain restrictions. Whether or not the price of meat can rebound in the future depends mainly on changes in market supply and demand. As the price of meat continues to fall, some farmers have accelerated their exit due to losses. It is expected that the price of pork will bottom out by the end of June, and then it will usher in a recovery.