China to replenish pork reserves to stabilize market

Published 2023년 2월 7일

Tridge summary

China's National Development and Reform Commission has announced plans to stockpile pork to replenish state reserves, following a decrease in pork prices to below a warning level. The commission monitors a national average of pork prices against grain prices, which fell to 4.96 to 1 between Jan. 30 and Feb. 3, dropping below the warning level of 5 to 1. To prevent excessive fluctuations in hog prices, China has implemented a three-level early-warning system. The commission will now work with relevant departments to start the pork stockpiling process for state reserves and guide local governments to purchase pork.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

China's top economic planner said Monday it will stockpile pork, the country's staple meat, to replenish state reserves, as an index monitoring pork prices has dropped below a warning level. The index, the national average of pork prices against grain prices, came in at 4.96 to 1 between Jan. 30 and Feb. 3, falling below the warning level of 5 to 1, said the National Development and Reform Commission. According to a work plan for stabilizing the pork market, China has introduced a three-level early-warning system to raise the alarm for excessive ups ...
Source: China

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