Shenzhen Agricultural Products Group Co.Ltd(000061) weekly price report ∣ pork wholesale price has been reduced for five consecutive weeks. Is the peak season still prosperous?

According to the monitoring of the “national Shenzhen Agricultural Products Group Co.Ltd(000061) wholesale market price information system” of the Ministry of agriculture and rural areas, the ” Shenzhen Agricultural Products Group Co.Ltd(000061) wholesale price 200 index” this week (January 7, 2022 – January 14, 2022) was 127.63, an increase of 0.74 points over last week and a decrease of 3.91 points over the same period last year.

Compared with last week, pork, mutton, beef, eggs and white striped chicken, the key livestock and poultry products monitored this week, the change range is – 3.0 ~ 0.4%.

The wholesale price of pork this week was 22.46 yuan / kg, down 3.0% month on month and 51.1% year-on-year. The wholesale price of pork has fallen again after rising for eight consecutive weeks since mid October. This week is the fifth consecutive week of decline in the near future.

Wholesale price of pork since the 39th week of 2021 released by the Ministry of agriculture and rural areas Peng Yanqiu

Price mapping of live pigs (foreign ternary) since late September 2021 released by the National Bureau of statistics Peng Yanqiu

According to the data of the Ministry of agriculture and rural areas, the wholesale price of pork reached the lowest point in the 40th week of 2021, only 17.90 yuan / kg. Since then, it has ushered in an eight week rebound, reaching the recent peak of 24.6 yuan / kg in the 48th week, and then falling for five consecutive weeks.

This trend is basically consistent with the price trend of pigs (external ternary) since late September 2021 disclosed by the National Bureau of statistics. The difference is that the inflection point of pork wholesale market price is delayed compared with the inflection point of pig price. The price of live pigs reached the recent highest point of 18.2 yuan / kg in late November 2021, while the wholesale price of pork reached the highest point in early December.

According to the disclosure of the National Bureau of statistics, in early January 2022, the price of live pigs (external three yuan) was 15 yuan per kilogram, which decreased by 6.3% month on month compared with late December 2021. In late December 2021, pigs (external three yuan) were 16 yuan per kilogram, a month on month decrease of 1.8% and 7.4% in mid December. In early December, the price of live pigs (foreign three yuan) was 17.6 yuan per kilogram, down 3.3% month on month. The price of live pigs (external three yuan) in late November released by the Bureau of statistics increased by 0.5 yuan per kilogram, up 2.8%. Looking back, after the pig price fell to the lowest point of 10.5 yuan / kg in early October 2021, from mid October to late November, the pig price showed a month on month upward trend, reached the recent highest in late November, and then began to decline.

Zhou Xiaoqiu, chief researcher of Guotai Junan Securities Co.Ltd(601211) Industrial Service Research Institute, told surging reporters, “based on the expectation of cycle trend and cost center, we believe that the spot price will maintain a weak operation in the first half of 2022, and open a new round of cycle upward channel after further clearing production capacity in the second half of 2022. In terms of rhythm, we believe that the annual price will be restrained first and then increased.”

Price and change range of livestock and poultry products under key monitoring

This week, the key aquatic products monitored were grass carp, crucian carp, carp, silver carp, silver carp, hairtail and yellow croaker, with a change range of – 2.5 ~ 0.1% compared with last week.

Price and change range of aquatic products under key monitoring

The average price of 19 kinds of vegetables in 286 wholesale markets in China was 4.68 yuan / kg, down 1.4% from last week and 1.8% year-on-year.

Among the 19 vegetable prices monitored, the prices of tomatoes, lettuce, garlic moss and beans increased significantly month on month this week, with ranges of 7.1%, 1.5%, 0.5% and 0.5%; The prices of cauliflower, white radish, cabbage, leek and spinach decreased significantly month on month, with a range of 8.9%, 7.6%, 4.8%, 4.6% and 4.0% respectively.

Vegetables with large month on month increase

Vegetables with large month on month decline

The average price of the five fruits monitored this week was 7.08 yuan / kg, an increase of 1.6% over last week and 14.8% year-on-year.

Key monitored fruit prices and change range

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