China's pork prices continue to decline, with the average live hog transaction price dropping below 5 yuan per jin (RMB, about 3.25 ringgit), causing severe losses for pig farmers.
According to Economic Daily, data from Zhuochuang Consulting shows that the nationwide average transaction price for lean-type pigs is 9.71 yuan per kilogram, dropping below 5 yuan per jin and setting a historic low. Meanwhile, the main futures contract hit 9,815 yuan per ton during trading on March 27, which is also the lowest price of this futures variety since it was listed in January 2021.
Additionally, monitoring data from China’s Ministry of Agriculture and Rural Affairs show that in the third week of March, all 30 monitored provinces saw falling pig prices, with the average live hog price at 11.05 yuan per kilogram, a year-on-year decrease of 28%. As of last Friday (March 27), the ex-factory price index for lean-type white pork carcasses had dropped to a new low for the same period in 2024.
Pig prices have entered the first-level excessive drop warning range. Although consumers are paying lower prices, many pig farmers are suffering heavy losses. According to Upstream News, China’s pig farming industry has been suffering losses across the sector since October of last year, and as of March 2026, it has incurred losses for six consecutive months.
At present, Chinese authorities are issuing frequent market warning notices, guiding orderly slaughter, adjusting pig production capacity, and promoting supply-demand balance.
Additionally, monitoring data from China’s Ministry of Agriculture and Rural Affairs show that in the third week of March, all 30 monitored provinces saw falling pig prices, with the average live hog price at 11.05 yuan per kilogram, a year-on-year decrease of 28%. As of last Friday (March 27), the ex-factory price index for lean-type white pork carcasses had dropped to a new low for the same period in 2024.
Pig prices have entered the first-level excessive drop warning range. Although consumers are paying lower prices, many pig farmers are suffering heavy losses. According to Upstream News, China’s pig farming industry has been suffering losses across the sector since October of last year, and as of March 2026, it has incurred losses for six consecutive months.
At present, Chinese authorities are issuing frequent market warning notices, guiding orderly slaughter, adjusting pig production capacity, and promoting supply-demand balance.