Oil & Fats insights

Within the framework of "National Peruvian Pork Day," the Ministry of Agriculture and Irrigation (MIDAGRI) announced the Government's goal: to double the domestic consumption of pork, reaching 20 kg per person per year by 2030.

Although the expert agency recommends that African Swine Fever (ASF) is not contagious to humans, in many traditional markets within the province, the consumption of pork is sharply declining. The concern over the disease has caused some people to be wary, shifting to purchase other types of food and 'turning their backs' on pork.

According to the monitoring by the Ministry of Agriculture and Rural Affairs, the "200 Index of Agricultural Wholesale Prices" on August 14 was 114.75, rising by 0.17 points from yesterday, and the wholesale price index for "grocery basket" products was 115.05, rising by 0.19 points from yesterday. As of 14:00 today, the average wholesale price of pork in the national agricultural wholesale market was 20.23 yuan/kg, down by 0.1% from yesterday; beef was 64.91 yuan/kg, up by 0.2% from yesterday; mutton was 59.85 yuan/kg, up by 0.3% from yesterday; eggs were 7.52 yuan/kg, up by 0.1% from yesterday; white broilers were 17.39 yuan/kg, up by 0.9% from yesterday. The average price of 28 key monitored vegetables was 4.74 yuan/kg, up by 0.9% from yesterday; the average price of 6 key monitored fruits was 6.95 yuan/kg, unchanged from yesterday. Crucian carp was 22.38 yuan/kg, up by 2.3% from yesterday; carp was 15.69 yuan/kg, down by 0.3% from yesterday; grass carp was 10.27 yuan/kg, up by 0.1% from yesterday; large belt fish was 41.19 yuan/kg, up by 4.2%. Today, among the 46 varieties of fresh agricultural products in the domestic wholesale market that were monitored, the top five with the highest price increases compared to yesterday were large belt fish, white radish, cauliflower, spinach, and yellow croaker, with increases of 4.2%, 3.7%, 3.5%, 2.8%, and 2.7% respectively; the top five with the highest price decreases were pear, scallion, garlic shoots, green onion, and pineapple, with decreases of 3.3%, 3.2%, 1.6%, 1.3%, and 1.1% respectively.