The Analysis of the Reasons for China’s Rising Pork Prices in 2019

Firstly, the paper introduces the abnormal rise of pork price in China in 2019. And then, it analyzes the reasons for rising pork prices from the demand side and the supply side. Through analyzing data and reviewing literature, it was found that the demand side was generally stable, and the problem was mainly due to the substantial reduction in the supply side. The specific reasons are as follows: the outbreak of the Infection with African swine fever virus(ASF), unreasonable promotion of local environmental protection policies and large-scale breeding policies, endogenous promotion of "hog cycle" and the imported pork can’t make up the shortfall. This triggered our thinking in terms of market allocation of resources, policy formulation and implementation, and government regulation.