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Pork prices fall for 7th week in a row, what are the reasons for the drop in pork prices?

The price of pork has been on everyone's mind. Since the swine fever, the price of pork has soared. The main reason for the rise in pork prices is the decrease in supply and the increase in demand, which just happened to meet the epidemic, and in this relationship between supply and demand, the price of pork has been high. Pork prices have finally come down, and prices have been falling again and again, and have been in a state of decline for seven consecutive weeks. The drop in pork prices is mainly due to the drop in feed prices, as well as the resumption of pork imports and the increase in supply, while everyone's demand for pork has gradually stabilized, which is also the reason for the drop in pork prices.

One, feed prices fell.

Pork prices, there is a big reason, is the increase in costs, and the cost of raising pigs is the main cost of feed, by the impact of the epidemic, the feed had a wave of substantial increases in the price of pork is also high. After the price of feed fell, the cost of raising pigs reduced, the price of pork naturally followed the decline.

Second, the supply increased.

The impact of the epidemic, the import of pork has been reduced, and many farmers in the impact of the epidemic, but also faced with the problem of closure, in this case, the price of pork supply is seriously insufficient to remain high. After the resumption of large imports of pork, the number of domestic farmers after the epidemic, but also increasing. In the case of a large increase in the supply of pork, the price will fall.

Third, the public demand for pork is stabilizing.

By the impact of the epidemic, there is a period of time people's demand for pork increased substantially, after the recovery of the food and beverage industry, the demand for pork is greatly increased, which is the main reason why the price of pork has been rising. After the increasing demand, people's demand for pork has stabilized, the relationship between pork supply and demand ended, so the price of pork appeared to be a continuous decline in the situation.