Chicken prices plunge for the first time in three years! Cheaper than chili peppers?

The price of chicken has fallen for the first time in three years as the price of meat ingredients such as pigs, cattle and sheep has risen sharply.
some areas, chicken is even cheaper thansuch as chili peppers and artemisinin! Chicken is cheaper than chili peppers? According to the latest data released by the National Bureau of Statistics, domestic poultry and meat prices rose 42.0 per cent year-on-year in August, with pork prices rising 52.6 per cent and beef and mutton prices rising by about 10 per cent, while chicken prices fell 1.6 per cent year-on-year, the first decline in nearly three years.
, released by the Ministry of Agriculture and Rural Affairs, show that until now, chicken prices have continued to fall sharply.
, chicken is now less than half the price of pork in most areas.
same time, with the weak national chicken prices run, "chicken wholesale price is lower than eggs" "chicken is cheaper than chili" "100 yuan 6 casually pick" and other news is also frequently reported.
head of the marketing department of a large fresh supermarket in Beijing said that products such as chicken breasts in supermarkets had dropped by 3 yuan a kilogram since the beginning of the year, a drop of about 30%.
Retail market in Qingdao, frozen wing root 9.9 yuan / catty, frozen chicken full leg 7.9 yuan / catty, leg row 6.9 yuan / catty, chicken-related products are not only cheaper than pork, and even cheaper thanartemisinin, chili and other vegetables.
across Guangdong, chicken prices have generally fallen by 2-4 yuan, a large number of supermarkets have launched large-based promotions for chicken breast, chicken wings and other categories to ease the previous frozen inventory.
the upstream supply side also affects the downstream.
while chicken prices have plunged, some food and beverage brands, such as McDonald's and KFC, have been pushing for months! Industrial chain supply and demand surplus in pork and beef and mutton and other meat ingredients are rising prices, why the price of chicken is biased "the other way"?
In 2019, affected by African swine fever, the demand for chicken has soared, upstream farmers have expanded the scale of breeding, coupled with the chicken cycle only 40-45 days or so, for a time, China's chicken production capacity has risen to a high level.
industry and commerce registration data show that in the first eight months of this year, China added more than 63,000 chicken breeding, chicken breeding-related enterprises, an increase of 46.9% year-on-year.
, in eight months, nearly half of the new breeding enterprises, directly leading to the rapid growth of domestic chicken production capacity.
with the severe outbreak from February to April this year, poultry slaughtered has increased for most of the year.
January to July, 2,786 million white feather chickens were slaughtered in China, up 14% year-on-year.
, when supply-side explosions grow, the consumer-side growth on the other side is less than satisfactory.
affected by the outbreak, the number of meals served out by the public has decreased significantly this year, and the main consumer of chicken, the restaurant business, has been hit hard, passenger flow has been greatly reduced, and sales of related dishes have fallen to a low point for a long time.
post-epidemic era, the backlog of chicken products during the outbreak will take some time to digest, making the food and beverage side of the demand for chicken and other ingredients even more significantly reduced.
chicken prices are "diving" in the middle of a contradiction between rising supply and falling demand.
difficult for prices to recover in the short term.
The expansion of chicken production capacity over the past year is still in the process of release, and production is still growing, even if the National Day Mid-Autumn Festival, pork prices gradually recover and other factors will affect the change in chicken prices, but in the case of sufficient supply, short-term chicken prices are unlikely to rise significantly.
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