As of December 2020, the number of sows across the country increased for 15 consecutive months, and the volume of pigs has been increasing for 11 months.
According to the relevant organizations of China, by the end of December 2020, the volume of pigs reached 407 million, and the number of breeding sows – 41.61 million, recovering to 92.1% and 93.1% from the level of the end of 2017, respectively.
Since August 2020, the number of slaughter pigs has significantly increased. And the volume of slaughter in November and December increased by more than 40% year on year.
In addition, in 2020 a total of 670 thousand tons of reserve pork produced. Four batches of 110 thousand tons were released in January this year and will continue to be sold in February.
Pigs prices continued to decline in early January this year, from about 36.7 yuan ($ 5.70) / kg to about 32 yuan ($ 4.97) now; pork prices also began to decline, and the wholesale price fell from 47.64 yuan (US $ 7.40) / kg, the highest in January to February. 45.30 yuan ($ 7.04) / kg – the price as of February 4.