20 questions for 2020
Q: Will pork prices return to normal?
A: The most important factor affecting the pork prices in 2019 was the outbreak of African swine fever.
Now the outbreak has been controlled, the pork production cycle will start to recover, especially with the government introducing support policies to encourage pig raising and increase pork imports. Pork prices are therefore likely to further fall.
And since pork prices are the main factor behind the rise in the consumer price index, the rising CPI trend can be arrested if pork prices are reduced to a reasonable level.
Should the CPI continue to rise, it would have a negative impact on efforts to stabilize overall economic growth. So to cope with the pressure of the economic downturn, the authorities will take measures to stabilize the CPI.
The government will therefore continue to support the pork production cycle, and as pork producers are expected to increase investment in the sector, the pork supply will increase and prices will fall.