Pig price today June 9, 2022 | Latest pig price market information every day

Pig prices today, June 9, 2022, continued to remain stable in the Northern, Central and Central Highlands regions and decreased by VND 1,000/kg in a locality in the Southern region. In the world market, the United States Department of Agriculture (USDA) forecasts that South Korea’s pork demand in 2022 will remain stable and may improve in the second half of 2022, thanks to the reopening of the country’s restaurant sector. However, restrictions related to the COVID-19 pandemic continue to impact Korean hotels, restaurants and businesses, where meat is consumed a lot. Meanwhile, South Korea’s domestic pork output in 2022 is forecast to continue to increase. In China, pig prices have recovered after a long period of decline. However, the market still faces restrictions, including anti-Covid-19 lockdowns. Imports have also been affected by shipping disruptions due to the prolonged lockdown in Shanghai. Demand for imported pork has been depressed since early 2022 as Chinese pig farmers ramp up production after a prolonged period of African swine fever (ASF). The outlook for Chinese pork demand remains bleak due to Covid-19 lockdowns and a shift in consumption to poultry, according to brokerage Everbright Futures. China’s pork imports will remain weak. If the market improves in the third quarter of 2022, import demand for meat and grain will increase. China’s pork imports are forecast to fall by nearly 20% this year, pushing global trade lower, according to the US Department of Agriculture. Meanwhile, demand from other major importing countries has recovered from pandemic-related supply disruptions. #pig #farm #western #farming #agriculture #pig #farm #today’s pig price #pig price #pig price #bigpig price

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