Pork concept stocks rose. As of press release, COFCO Jiajiakang (01610) rose 6.02% to HK$1.76; Wanzhou International (00288) rose 2.78% to HK$5.54.
The Zhitong Finance App learned that pork concept stocks were higher. As of press release, COFCO Jiajiakang (01610) rose 6.02% to HK$1.76; Wanzhou International (00288) rose 2.78% to HK$5.54.
According to the news, pig prices in the domestic pig market stopped falling and rebounded, and pig prices in the northern region took the lead. According to data analysis, on April 21, the price of three-yuan lean pigs rose by 0.03 yuan, and prices from slaughterers rose to 14.95 yuan/kg. The domestic market showed a strong operating trend. Lei Liugong, director of the Department of Marketing and Information Technology of the Ministry of Agriculture and Rural Affairs, said at a press conference on agricultural and rural economic performance in the first quarter that the supply and demand relationship in the pig market will further improve in the second quarter, and pig farming may turn losses into profits.
China Post Securities pointed out that after the Spring Festival, pig prices surpassed expectations, but there was no obvious benefit on the consumer side, indicating that the reduction in industry capacity in the fourth quarter of last year exceeded expectations, leading to a decrease in pig supply at this stage. According to monitoring by the Ministry of Agriculture and Rural Affairs, starting from October 2023, the number of newborn piglets in the country has declined year on year, which means that after May 2024, the number of pigs released will decrease year on year, and pig prices may rise further in the second half of the year.