Recently, the national price of live pigs has stabilized and started to rise.
Since mid-April, the prices in the pig market have shown a trend of stabilization and rebound. According to the monitoring data of prices in 500 county-level marketplaces from the Ministry of Agriculture and Rural Affairs, in the fourth week of April, the national average price of pigs was 10.0 yuan per kilogram, an increase of 2.6% compared to the previous week, and a narrowing of the year-on-year decline by 1.3 percentage points.
Wang Zuli, a researcher at the Institute of Agricultural Economics and Development of the Chinese Academy of Agricultural Sciences and a scientist in the National Pork Industry Technology System's Industry Economics post, stated that, according to monitoring by multiple market institutions, the national average price of pigs has increased by over 1 yuan per kilogram from the previous low point, and the extent of industry losses has somewhat decreased. Wang Zuli predicts that as the effect of capacity elimination gradually becomes apparent, pig prices are expected to stabilize and rise gradually in the later part of the year, showing a characteristic of "low in the beginning, high later, and narrow fluctuations" for the whole year.
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