Himfr.com Reports the Price of Pork Will Not Exceed 2007 Prices
B2B search platforms with more than 30 B2B industry websites to its name,
reports the price of pork will not exceed the high 2007 prices.
The price of pork has been continually rising for nine weeks, and it seems
that the price of pork will fluctuate wildly again. The market is worried that
there will be a new round of widespread fear of inflation.
Food commodities account for one third of the CPI (consumer price index),
and pork is the main food, so pork prices will inevitably push up the CPI.
Furthermore, pork prices rising may also lead to the prices of other foods
rising, and even spread to more areas and eventually cause prices to soar,
thereby boosting inflation. This is how the inflation of 2007 came about.
Himfr.com has analyzed the reasons behind the rising prices in the pork
industry and in related industries, and has found that these price increases
are different from previous years and that the price of pork rising will not
bring about inflation as in 2007 or lead to hyperinflation.
First of all, although the price is rising, there is still an oversupply
requires live male pigs of no less than 410 million heads and sows no less
than 41 million heads. At the end of June,
447.2 million heads, of which 48.3 million are sows, so the supply fully meets
the market demand for pork, and there is not a short supply as in 2007.
The outbreak of H1N1 influenza at the beginning of the year resulted in
lower pork prices. This was coupled with feed prices rising and a pig breeding
cycle of up to six months, which was bound to affect farmers’ enthusiasm. Sows
and piglets are more likely to be killed, and six months later, there is a
reduction in the supply of pig breeding stock.
The government has learned the lessons of the last time around. Faced with
this situation, the government has stored 120,000 tons of pork and encouraged
farmers to increase the amount of live pigs on hand in order to maintain the
confidence of farmers and thus ensure the supply of sows and piglets.
In this case, the rise in the price of pork can be regarded as a
controlled rise, with the ultimate aim of preventing hyperinflation.
We believe that through a variety of guiding policies, the pork market
will return to normal.
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