Pork price increase has narrowed by 17% compared with last month
According to the Ministry of Statistics, due to Covid and seasonal factors, CPI index growth on November has dropped significantly. Food price has increased by 3.7%. Pork price has increased by 34.4%. It’s estimated that December 2022 and the year 2023 will see pork consumption increase. But with people growing favor of beef and chicken, pork consumption will be squeezed. In a nutshell, live hog supply surpassing demand will still be the case in 2023.