The wholesale price of pork approaches 25 yuan per kilo, which is a 68% increase from the same period of last year
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Last year's low prices and rising costs caused prices to rise. According to the Ministry of Commerce, the wholesale price of pork on June 17 was 23.61 yuan per kilogram. Based on this calculation, the pork price reached 24.67 yuan per kilogram last week, once again hitting a record high, and also refreshed the high point since early February 2008, when the highest pork price was 22.88 yuan per kilogram.
According to the change in the average price of staple foods in 50 cities across the country announced by the National Bureau of Statistics on June 24, the price of pork hind leg has risen to 29.05 yuan per kilogram from June 11 to 20, approaching RMB 30 per kilogram. Mark.
The data shows that since 2004, China's pork prices have experienced about eight major price increases.
The latest increase in pork prices began in May 2010, when the wholesale price of pork was a minimum of 14.47 yuan. At present, the price level of pork has risen more than 70% compared with that at the time.
Yao Jian, spokesman of the Ministry of Commerce, said at the regular press conference on June 15 that at the same time last year was when the pork price was the lowest, resulting in a decrease in the amount of culture at that time, so the current fattening pigs appeared to be staged tightly and triggered pork prices. Rising; In addition, part of the increase in feed and labor costs has also led to rising pork prices.
Yao Jian said that at present, mainly rely on the power of the market to further increase the live pig price and the number of live pigs.
The pork traders went to Jiluo and other places to grab live pigs. The National Bureau of Statistics spokesman Sheng Laiyun analyzed that from a structural point of view, the increase in food prices in May affected CPI by 3.5 percentage points, accounting for 63.6% of the year-on-year increase in CPI. In food prices, the increase in live pigs and eggs in May was relatively large. In May, the year-on-year price of live pigs rose by 40.4%, and the contribution to CPI was nearly 20%.
According to media reports, the soaring price of pork has triggered a new round of “grabbing of pigsâ€, and a large number of pig farmers from other provinces that are in short supply have rushed to live pigs in Jilin, Shandong, Hubei and other pig producing areas.
The Everbright Securities Research Report believes that the current rapid rise in pork prices is temporary considering the seasonal and reserve factors. The pork price may peak in June. CITIC Securities believes that the live hog price may reach a high point by the end of this year.
Related agencies predict 6% over CPI in June
(Reporter Zhao Jin) A number of agencies released CPI forecast data for June yesterday. Combined with recent factors such as the continued rise in pork prices, China’s CPI in June will exceed 6%. Among them, Bank of Communications, Shanghai Pudong Development Bank, China Gold, Citigroup, and other analysts and Lu Yongzheng, chief economist of Industrial Bank, believe that the CPI in June reached 6.2%.
The Jinjin Research Center of the Bank estimated that food prices rose by 0.4 to 0.8 percentage points in June from the previous month.
Several agencies pointed out in the report that this year will be the highest point of the CPI. In the second half of the year, the carryover factor will be gradually reduced to zero, and the government's measures to control prices will gradually come into play.
The Bank of Communications Research Center expects that the current high point of the inflation cycle will appear in June.