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China's Pig Prices Hit Eight-Year Low Amid Supply Glut

3/30/2026

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Summary

Story summary

China’s pig prices have fallen to their lowest in eight years due to a supply glut from industrial farms.
By the third week of March, live pigs averaged 11.05 yuan per kilogram (US$1.60), down 28% from last year.
Pork prices stood at 22 yuan per kilogram, down 16.5% from the previous year.
The decline risks deflation and pressures pig farmers amid rising global costs for oil, grain, and feed.

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Story summary

China’s pig prices have fallen to their lowest in eight years due to a supply glut from industrial farms.
By the third week of March, live pigs averaged 11.05 yuan per kilogram (US$1.60), down 28% from last year.
Pork prices stood at 22 yuan per kilogram, down 16.5% from the previous year.
The decline risks deflation and pressures pig farmers amid rising global costs for oil, grain, and feed.