China: Pork prices dropped from the first-level warning range for an excessive rise to the second-level warning range

Published 2022년 11월 15일

Tridge summary

The National Development and Reform Commission has reported a decrease in the weekly average price increase of lean meat in 36 large and medium-sized cities, from over 40% to between 30% and 40%. This decrease is attributed to the government's pork reserve adjustment mechanism, which is part of a plan to ensure supply and stabilize prices in the pork market. The high price of live pigs remains a concern, and the Commission will continue to monitor the market closely and recommend normal production and operation to prevent price fluctuations.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the monitoring of the National Development and Reform Commission, during the week from November 7th to 11th, the weekly average price increase of lean meat retail prices in 36 large and medium-sized cities narrowed from more than 40% to between 30% and 40%. The government’s pork reserve adjustment mechanism has done a good job in the work plan for ensuring supply and stabilizing prices in the pork market. The first-level early warning range for excessive rises has fallen back to the second-level early warning range. The current price of live pigs is still at a relatively high level. The ...

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