National Development and Reform Commission of China, order to pay close attention to the dynamics of the live pig market and continue to invest in central pork reserves at the right time

Published 2022년 11월 16일

Tridge summary

The National Development and Reform Commission of China announced measures to stabilize the live pig market after a price surge due to factors such as excessive pressure on stalls, reluctance to sell, and increased market consumption. The measures include increasing investment and storage, guiding farmers to sell normally, and strengthening market supervision. The release of central pork reserves and efforts to guide farmers have led to a significant drop in live pig prices, and the domestic stock of pigs is expected to continue to rebound, ensuring market supply and stable prices. The commission plans to continue monitoring the market and releasing reserves as necessary.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

On the morning of November 16, the National Development and Reform Commission held a press conference for November. The spokesperson of the National Development and Reform Commission, Meng Wei, attended the press conference. Affected by factors such as excessive pressure on stalls and reluctance to sell, secondary fattening, and increased market consumption during holidays, there was a large increase in the first and middle ten days of October. In order to effectively ensure the supply and price stability of the live pig market, the National Development and Reform Commission and relevant departments quickly adopted a series of Control measures. The first is to increase the intensity of investment and storage. A total of 7 batches of central pork reserves have been released, and local governments have been urged to increase their efforts to release reserves simultaneously. Among them, the state and local governments have put in a total of about 200,000 tons of pork reserves in ...

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