Slaughter pig figures in China drops. Prices hold steady
The Chinese pig market has sunk during Jan-Feb 2020, due to the lockdown of major cities in the country and also the lack of personnel in processing plants. Many producers have reported lower figures of pork sales, included public listed companies such as Wens, Muyuan, Zhenbang, Tiabang, DBN, Tiakang and Tangren Shen reported volumes of pig sale decreasing from 31% to ^5%, compared to the same period last year.
There were several examples of companies with larger hog sales over the first two months of the year, New Hope (+18%) and Aonong (+12%). Major produces in the area, such as WH Group, have adjusted their activities in their farms and plants due to a massive lack of personnel. Only recently, activities have resumed at 95% in its units, said chairman Wan Long, quoted by Reuters.
Nevertheless, the impact on hog prices in China has been almost invisible due to a significant decline in demand. Between Jan 22 and March 4, the pig meat price per kilo rose from 36.615 to 36.66 yuans.
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