Pork prices in China continue to fall, signaling a decline in consumer confidence.

The trade truce with the US has restored a semblance of economic calm, but a slump in the housing market and a weak labor market mean consumers are still reluctant to spend large sums. Given its 5% GDP growth target for 2025 , Beijing is also likely to hold off on stimulus measures, although this leaves room for support early next year," according to a Bloomberg Economics report.

Chinese restaurants and retailers should begin stocking up for the winter and upcoming holidays, when Chinese people are more likely to dine out and entertain guests at home. However, according to the consulting firm Mysteel, external factors, including a surplus of pigs, will likely lead to a further decline in pork prices this month.

This year, Beijing is pressing major pork producers to reduce their breeding herds and is taking other measures to combat oversupply. According to government data, the sow population had declined by 2.1% by the end of October compared to the same period last year, but this decline is not significant enough to have a significant impact on pork prices .