其他主要食品价格也呈现稳中有涨的趋势。其中，9月水果平均价格5.64元，环比上涨0.62%；禽类平均 价格15.06元，环比上涨1.28%；牛羊肉平均价格39.87元，环比上涨0.81%；水产品类平均价格20.98元， 环比上涨1.21%；蛋类平均价格5.47元，环比持平；奶类平均价格2.89元，环比持平。（记者 张诗 通讯 员 林鸿斌） 链接 10月价格走势预测 10月，我市主要食品价格预计会有什么变化？市发改委价格监测部门分析，从市场巡查看，目前厦门市 场总体繁荣稳定，考虑到国庆中秋佳节影响，初步预计10月我市主要食品价格环比稳中有升，其中，粮 油价格环比有望继续保持基本稳定，蔬菜价格可能继续有所回升，猪肉、水产品、牛羊肉、水果、禽肉 等价格环比将会有所波动。 10日，厦门市发改委价格监测部门发布了对全市44种主要食品价格监测的"月度账单"。数据显示，9月 份厦门市民的"菜篮子"依旧满满当当，市场供应充足。不过，我市因受台风暴雨影响，主要食品价格稳 中有升，环比略涨0.87%。 "米袋子"和"油瓶子"这两样民生刚需价格表现如何？9月，我市粮油价格基本稳定。其中，粮食平均价 格2.74元（500克，下同）， ...

2025年国庆、中秋假期期间，山东省消费市场呈现活力释放、运行平稳的态势。山东省商务厅认真落实省委、省政府和商务部相关工作部署，提前印发《关 于做好2025年国庆、中秋假期市场监测保供等工作的通知》，通过扎实组织市场供应、密切监测市场运行，有效保障了全省生活必需品市场供应充足、秩序 井然。 生活必需品价稳货足，民生保障坚实有力 节日期间，山东省启动市场供应异常波动情况报告制度，每日监测重点生活必需品批发价格。据山东省商务厅数据，2025年10月8日，全省鸡蛋、水产品、 猪肉、食用油批发均价比节前（2025年9月30日）分别有所下降；禽类、水果批发价格与节前持平；蔬菜、粮食价格略有上涨。总体看，主要生活必需品价 格运行平稳。 在市场供应方面，山东省商务厅督促商贸流通企业加强货源组织与产销衔接，切实保障粮、油、肉、蛋、菜等供应。监测数据显示，10月8日，全省重点零 售企业库存充足，粮食、食用油、猪肉、蛋类、蔬菜等可满足企业多日销售需求，市场供应基础稳固。 消费市场活力持续释放，销售数据稳步增长 在各项促消费政策和企业积极营销的共同作用下，山东省消费市场活力得到有效释放。国庆假期期间，全省500家重点零售企业销售额 ...

Summary of China Agriculture Sector Quarterly Conference Call Industry Overview - **Industry Focus**: China Agriculture Sector, specifically hog supply discipline and pricing trends for various proteins [1][11] - **Key Players Discussed**: Major hog producers, sow feed producers, hog industry consultants, and hog vaccine producers [11][12] Core Insights Hog Supply and Pricing - **Hog Supply Control**: Industry feedback indicates that control of unit hog weight and the removal of secondary fattening practices are progressing according to policy guidance. However, the reduction of the sow herd is lagging [1][12] - **2026 Supply Forecast**: Expected hog supply to decline by 5% year-over-year, resulting in a 2% supply deficit. This is anticipated to improve industry hog farming margins by Rmb0.9/kg [1][13] - **Benchmark Hog Price**: Revised benchmark hog price for 2026E is Rmb14.8/kg, which is 14% higher than current levels [1][14] Other Proteins Pricing Trends - **Mixed Pricing Trends**: Domestic pricing trends for major proteins are mixed, with recovery noted in poultry and beef prices due to lower imports, while aqua and egg prices remain flat [2][7] - **Consumption Trends**: Downstream consumption has softened, leading to a contracting crush margin and weaker pricing for methionine and API index [2] Company Ratings and Recommendations - **Buy Ratings**: - Dabeinong (DBN) for improved biotech seeds earning visibility [3] - Haid for aqua feed growth and potential recovery in poultry feed [3] - **Neutral Ratings**: Wens and New Hope due to lower expected earnings [26] Additional Important Insights - **Sow Herd Trends**: The domestic sow herd size was flat month-over-month in July 2025, remaining 5% above the target set by the Ministry of Agriculture (MoA) [4][41] - **Secondary Fattening**: The practice of secondary fattening has decreased significantly, accounting for only 1% of total hog sales in August 2025, down from a peak of 6% in April [14][19] - **Cost Trends**: Total unit hog cost is projected to range from Rmb12.0-13.0/kg in 3Q25E, down from Rmb14.5-15.5/kg in 1Q24A [20] - **Profitability Spread**: The spread between hog pricing and unit feed cost has narrowed due to soft hog prices, while unit feed costs remain flat [55] Earnings Revisions - **Earnings Estimates**: Revised down by 1-12% for 2025E, 6-24% for 2026E, and 2-7% for 2027E for hog-related stocks, reflecting lower unit net hog profit and market output [26] Risks and Challenges - **Key Risks**: Include uncertainties in hog prices, execution risks in new project expansions, operational risks related to bio-security and disease control, and potential impacts from ASF infection on hog business [29][30] Conclusion - The China agriculture sector, particularly the hog industry, is undergoing significant changes with a focus on supply discipline and pricing recovery. While there are positive trends in hog pricing and supply management, challenges remain in herd reduction and overall profitability. The outlook for major companies varies, with some maintaining buy ratings while others are neutral due to expected earnings declines.

Industry Overview - The food industry in China is entering a new golden development period, characterized by a layered consumer market with both affordable and high-end segments focusing on quality, health, and emotional value [1][3] - The snack sector, particularly in the wholesale supply chain, is becoming a battleground for numerous entrepreneurs and companies, driven by rapid channel changes, evolving consumer habits, and product diversification [1][3] Market Resilience - The food industry exhibits strong resilience, with food consumption maintaining rigid demand regardless of economic fluctuations, especially in the snack and agricultural product sectors [3] - Companies that can grasp consumer trends while balancing efficiency and quality are more likely to gain long-term market recognition [3] Supply Chain Importance - The value of the supply chain is increasingly recognized, with consumers now aware of the complexities behind transportation, storage, turnover, and quality control [3] - Stability and transparency in the supply chain have become core competitive advantages, particularly in the deep processing of agricultural products [3] Company Profile: Century Minsheng - Founded by Wang Jing in 2016, Wuhan Century Minsheng Trading Co., Ltd. has emerged as a key player in the food industry, focusing on supply chain and brand development [5][17] - The company emphasizes a dual development path of "supply chain + brand," injecting new vitality into the local economy [3][17] Brand Development - Century Minsheng operates two brands: "Panling," which focuses on agricultural products, and "Jianqian," which targets baked snacks, both reflecting the founder's commitment to quality and emotional connection with consumers [9][11] - "Panling" aims to create a closed-loop system from farming to processing to sales, enhancing product value while supporting rural revitalization [9][11] Operational Strategy - The company adopts a light asset operation model, prioritizing supply chain efficiency and strict quality control to maintain competitiveness in a crowded market [11][13] - Century Minsheng employs a multi-channel strategy, integrating e-commerce, community group buying, and offline wholesale to build a robust market network [13] Future Outlook - Century Minsheng plans to deepen its focus on the snack supply chain and increase investment in its own brands while promoting deep processing of agricultural products [17] - The company aims to explore international markets while ensuring that each expansion is grounded in responsibility and commitment to quality [17]

Core Insights - The 2025 Chengdu Green Food Deep Processing Industry Chain Integration Procurement Conference was successfully held, focusing on high-quality development and chain collaboration in the food processing sector [1][3] - The event attracted over 300 representatives from the food deep processing industry, including major enterprises and procurement merchants, to explore industry cooperation opportunities [4][6] Group 1: Event Overview - The conference was part of Sichuan Province's "1+1+8" strategy aimed at strengthening the agricultural product deep processing industry chain [3] - It was organized by various governmental and industry associations, highlighting the importance of collaboration among agricultural stakeholders [3] Group 2: Participation and Engagement - Major companies such as COFCO, Yihai Kerry, New Hope, and others participated, along with local agricultural enterprises and e-commerce platforms [4][6] - The event featured a dual exhibition and sales approach, showcasing nearly 20 leading enterprises and promoting green food products [6] Group 3: Procurement Opportunities - A procurement list worth 2.95 billion yuan was released, covering 15 categories of products, including vegetables, meat, and dairy [8] - The procurement scale included 220,000 tons of vegetables and 30,000 tons of pork, indicating significant market demand [8] Group 4: Strategic Partnerships - 15 leading enterprises signed agreements during the conference, with a total procurement amount nearing 200 million yuan, focusing on green ecological products [9] - The partnerships aim to enhance supply chain collaboration and brand development within the industry [9] Group 5: Future Directions - The conference aims to enhance the "Tianfu Granary" brand and promote the integration of resources and innovation in the green food industry [9] - Future efforts will focus on creating a nationally influential "Chuan" food industry cluster and expanding market reach [9]

智通财经APP获悉，欧盟和美国的谈判代表即将开启又一轮密集的谈判，他们希望能在 8 月 1 日之前达 成贸易协议。与此同时，欧盟外交官们最早可能在本周举行会议，以制定应对与特朗普政府可能发生 的"无协议"情况的应对方案。而特朗普政府在临近 8 月 1 日这一最后期限前的关税政策已愈发强硬。据 报道，各方仍强烈倾向于保持与华盛顿的谈判进程顺利进行，以期在下个月的最后期限前打破僵局。 美欧加紧贸易谈判 布鲁塞尔的官员们表示，如果这是打破僵局所必需的、有利于美国的协议，他们也愿意接受。然而，该 报道称，上周在华盛顿举行的会谈未能取得实质性进展。接下来的两周内，相关讨论将继续进行。 与此同时，美国商务部长霍华德·卢特尼克周日表示，他相信美国和欧盟能够在此之前达成贸易协议， 以免即将生效的关税措施产生影响。他还强调，8 月 1 日的最后期限依然不变。 特朗普此前于 7 月 12 日宣布，若无法达成最终协议，美国将从 8 月 1 日起对来自欧盟和墨西哥的进口 商品征收 30%的关税。 上述人士透露，美国目前正试图对欧盟商品实施近乎全面的高关税政策，税率将高于 10%。而获得豁 免的项目则越来越少，仅限于航空业、部分医疗设 ...

Group 1: CPI Analysis - In May, the Consumer Price Index (CPI) decreased by 0.1% year-on-year, marking three consecutive months of decline [1] - The month-on-month CPI turned negative, dropping by 0.2%, influenced primarily by a 1.7% decrease in energy prices, which accounted for approximately 70% of the total CPI decline [3][7] - Food prices fell by 0.2%, with seasonal vegetables seeing a 5.9% price drop, while some fresh fruits and fish experienced price increases due to supply constraints [7] Group 2: PPI Analysis - The Producer Price Index (PPI) saw a year-on-year decline of 3.3%, the largest drop since August 2023, with a month-on-month decrease of 0.4% [3] - The PPI decline was attributed to international input factors and domestic energy and raw material price decreases, with coal and steel industries facing overcapacity and intense competition [5][6] - The PPI's year-on-year decline was exacerbated by a high comparison base from the previous year, leading to a 0.6 percentage point increase in the decline rate [5] Group 3: Market Insights - The overall consumer market remains weak, with durable goods facing intense competition and limited price increases, while service consumption is recovering slowly [6] - Despite the challenges, there are signs of recovery in certain sectors, with core CPI rising by 0.6% year-on-year, driven by increased demand for specific consumer goods [8] - Future CPI trends are expected to stabilize and gradually rise, supported by seasonal agricultural production and ongoing government policies aimed at boosting consumption [8][9] Group 4: Policy Recommendations - To promote reasonable price recovery, it is essential to implement comprehensive measures, including enhancing consumer policies and improving social security systems [9] - The focus should be on stimulating demand in durable goods and service sectors, while also addressing income levels through industrial upgrades and job creation [9] Group 5: Future Outlook - The PPI may experience a slow recovery, influenced by global economic uncertainties and domestic structural adjustments, with high-end manufacturing and new energy sectors driving demand [12] - The resolution of overcapacity issues will take time, and the pace of PPI recovery may be gradual, affected by various external and internal factors [12]

Group 1 - The core viewpoint indicates that vegetable prices are declining while pork prices are slightly increasing, with overall food prices in Xiamen showing a slight increase of 0.42% month-on-month in May [1] - In May, the average price of grains in Xiamen was 2.87 yuan (for 500 grams), reflecting a month-on-month increase of 1.33%, while edible oil (5 liters) averaged 73.34 yuan, with a slight increase of 0.05% [1] - The average price of vegetables decreased to 3.29 yuan, showing a month-on-month decline of 5.30%, marking a low level since 2022 [1] Group 2 - The average price of pork rose to 17.64 yuan, with a month-on-month increase of 0.48% [1] - Other major food prices showed mixed trends, with fruits averaging 5.97 yuan (up 5.02%), poultry at 15.50 yuan (down 1.74%), beef and lamb at 39.50 yuan (up 2.56%), seafood at 21.44 yuan (down 1.27%), eggs at 5.96 yuan (up 0.68%), and dairy at 2.88 yuan (up 2.13%) [1] - The Xiamen Development and Reform Commission anticipates that food prices will remain stable with slight increases in June, influenced by recent heavy rainfall affecting vegetable prices [2]

Group 1 - The EU Trade Commissioner Maros Sefcovic stated that despite the new tariffs imposed by the US on steel and aluminum products, trade negotiations between the EU and the US are progressing in the "right direction" [1] - The US government raised tariffs on steel and aluminum products from 25% to 50%, citing national security as the reason, which has intensified trade barriers [1] - The EU has approved tariffs on €21 billion worth of US goods as a countermeasure to Trump's metal tariffs, targeting politically sensitive agricultural products and other items [2] Group 2 - The EU is preparing to impose additional tariffs on €95 billion worth of US goods in response to Trump's "reciprocal" tariffs and automotive tariffs, which will include products like Boeing aircraft and American-made cars [2] - The OECD warned that the trade tensions initiated by Trump have significantly worsened the global economic outlook, particularly affecting the US [3]