China sow numbers grow for 15 months in a row

February 24, 2021 - As of December 2020, China's stock of reproductive sows increased month-on-month for 15 straight months while its stock of live pigs increased month-on-month for 11 consecutive months, according to monitoring by the country's Ministry of Agriculture and Rural Affairs.

According to the National Bureau of Statistics, by the end of December 2020, the number of live pigs reached 407 million, and the number of breeding sows reached 41.61 million, recovering to 92.1% and 93.1% of levels at the end of 2017, respectively.

According to an expert consultation by the ministry, the number of live pigs from January to February this year is expected increase by about 25% compared with the same period of the previous year.

According to the Ministry of Agriculture and Rural Affairs, the number of live pigs slaughtered has increased significantly since August 2020. Especially in recent months, the growth momentum has been positive. The slaughter volume in November and December increased by more than 40% year-on-year.

Additionally, from the perspective of the central reserve pork supply, a total of 670,000 tonnes of reserve pork will be released in 2020. Four batches of 110,000 tonnes have been released in January this year and will continue to be released in batches in February.

In terms of prices, the price of live pigs continued to decline in early January this year, from about US$5.68 per kilogramme to about US$4.95 at present. Pork prices have also begun to decline, and the wholesale price fell from US$7.38 per kilogramme, which was the highest in January, to US$7.01 on February 4.