HK Stock Market Move | Muyuan Foods (02714) rises more than 3%; policies driving up pork prices; prices exceed 10 yuan in multiple regions.

Muyuan Foods (02714) rose more than 3%, as of the press release, it rose by 3.56% to HK$41.88, with a turnover of HK$40.76 million. In terms of news, according to Securities Times report, recently, pig prices have started a long-awaited "recovery" mode. In terms of spot prices, data from many pig monitoring sources show that on April 20, the national average price of foreign three-element live pigs was 9.37 yuan/kg, up by 0.18 yuan/kg from the previous day. Pig prices in 31 provinces across the country continued to show a collective "red" trend, especially in Beijing, Tianjin, Hebei, Shandong, Zhejiang, and Shanghai, which have returned to 10 yuan/kg. It is worth noting that recently, the Ministry of Agriculture and Rural Affairs held a symposium on the development of the pig industry, emphasizing the need to further improve comprehensive control policies for pig production capacity and take strong and effective measures to promote a reasonable increase in pig prices. Guotai Haitong had previously pointed out that the company's pig sales volume remained stable, breeding costs continued to lead the industry, and slaughtering has started to contribute profits. We will wait for the pig prices to warm up.