Pork prices hit an eight-year low, with average carcass pig prices down 30% year-on-year

Golden Ten Data reported on April 3rd that pork price reductions have recently become a trending topic. A visit to several farmers' markets and supermarkets revealed that wholesale prices have dropped significantly, while retail prices are showing a steady decrease. There is also a slight difference in perception across various channels and among consumers. "Currently, pork prices have fallen to the lowest point in nearly eight years," said Liu Tong, Manager of the Statistics Department at Beijing Xinfadi Agricultural Products Wholesale Market. As the largest "vegetable basket" in Beijing, Xinfadi's price trends serve as a benchmark. Data on April 3rd shows the average price for lean pork carcasses was 6.3 yuan per 500 grams, and for fatty pork carcasses it was 5.75 yuan per 500 grams; last year during the same period, the prices were 9.15 yuan and 8.25 yuan respectively, representing a year-on-year decrease of about 30%. The drop in meat prices has directly stimulated consumption. Liu Tong revealed that some workplace cafeterias have recently increased their pork procurement significantly, with some even surpassing pre-Chinese New Year levels. The cost-effectiveness advantage, where meat is now cheaper than some vegetables, is being more widely recognized.