China's economy continued to recover in November.
In November, the consumer price index (CPI) went down by 0.5% year on year, and down by 0.5% month on month. Pork prices were down by 31.8% according to the National Bureau of Statistics of China. In the first eleven months of the year, the consumer price index went up by 0.3% year on year.
December 15, 2023/ National Bureau of Statistics of China/ China.
https://www.stats.gov.cn
This revision adjusted the national target number of reproductive sows from 41 million to 39 million.
This is how many pigs were sold, how much pork was produced, and how many pigs were in China in 2023.
After five years, the Chinese market opens again for Belgian pork.
The Chinese government continues to implement plans to reduce and replace soybean meal in animal feeds.
The country will launch the third batch of central pork reserve purchasing and storage work within the year.
African swine fever (ASF) spread from Europe to China in 2018—one of the largest animal disease incidents ever. The outbreak reduced China’s pork supply, and Chinese pork prices more than doubled to reach record levels.
Oilseed crushing in China was a record in the 2022/23 marketing year at 133 Mt. Added to this is a large recovery in oil imports of up to 12.69 Mt and continued growth in meal demand.
The price of pork in China saw month-on-month and year-on-year decreases in October.
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