The African swine fever epidemic in the Mainland has subsided and the supply has stabilized. This has led to a reduction in the wholesale price of live pigs to Hong Kong. However, the retail price of pork has accelerated and slowed down. Consumers may not "share" the benefits of the lowered meat price. The FEHD website shows that live pigs average The wholesale price was lowered from 3,158 yuan per 100 catties in January this year to 1,825 yuan in July, a decrease of about 42%. However, the retail price of pork on the market failed to catch up with the decline. In the past three months, the price of meat has only fallen by 15% to 20%. , It still costs 70-80 yuan per catty of pork.
Xu Weijian, chairman of the Hong Kong Pork Chamber of Commerce, said that the number of mainland pig suppliers has dropped from nearly 40 to less than 10, and the authorities have not reissued their licenses. Coupled with high transportation costs, pork retail is unlikely to drop significantly.
He pointed out that if the Hong Kong government can negotiate with the Mainland to increase the number of pig farms in the Mainland to 20, the retail price is expected to drop significantly, and there is a chance that it will be reduced by 20 to 30%.
The African swine fever epidemic in the Mainland has subsided, and the price of local pigs has also been reduced. However, the reduction of pork in Hong Kong has been slower. According to the FEHD website, the average price of live pigs has been lowered from $3,158 in January this year to the average price in July. 1,825 yuan.
(Data Picture/Photo by Golden Chess)
African swine fever once raged in the mainland, which made the supply of pigs tight. With the easing of swine fever, pork prices in the mainland continued to fall this year. The consumer price index (CPI) of the mainland residents saw the largest drop in pork prices, reaching 43.5%, and the price of live pigs supplied to Hong Kong Also lowered.
According to the FEHD website, the average price of live pigs has been lowered from RMB 3,158 in January this year to RMB 1,825 in July.
In addition, the supply of local live pigs rose from an average of 2,119 in January to 2,552 in July. However, the retail price of pork in Hong Kong failed to reflect the large drop. In the past three months, pork prices have dropped by approximately 15%. To 20%.
In the past 12 months, the number of live pigs supplied to Hong Kong from the Mainland increased from 1,866 in August last year to 2,267 this year. Now, together with a stable number of about 300 local live pigs, the supply of pork is stable.
Xu Weijian, chairman of the Hong Kong Pork Chamber of Commerce, said that the price of local pork has not fallen as sharply as in the mainland. There are several main reasons. Among them, the number of suppliers has not increased.
Xu said that in the early days of African Swine Fever, mainland pig suppliers were reduced to less than 10, and the local and mainland authorities did not re-issue the licenses for the suppliers. The lack of competition for the pig dealers in Hong Kong and the high cost of transportation, etc. There is a significant decline in retail sales. "You can go to Hong Kong. The pork is high-quality goods, and the transportation cost is high. It is different from the mainland domestic sales. If there is no competition, it will be expensive!"
Xu Weijian, chairman of the Hong Kong Pork Chamber of Commerce, said that the price of local pork has not fallen as sharply as in the mainland. There are several main reasons. Among them, the number of suppliers has not increased.
(Photo/Photo by Deng Yongzhong)
He went on to say that Hong Kong vendors have always been relatively stable, and the price reduction is also a step-by-step. More attention.” He revealed that recently the retail price of local pork has dropped from RMB 100 per kilogram at the peak to over RMB 80, a drop of about 20%, which is already significant.
When asked if there is room for a reduction in the price of pigs, he said that if the number of pig farms in the Mainland increases from less than 10 to 20, the retail price is expected to be reduced by another 20 to 30%.
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