Free Trial

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI BRIEF: China's Pork Reserves Secure Price Stability - NDRC

MNI (Beijing)

China's current pork reserves can maintain price stability, the National Development and Reform Commission said via its social media account on Friday.

"The current central and local pork reserves are generally sufficient, there is a solid foundation to deal with abnormal fluctuations in the price of live pigs and pork" the NDRC said.

Local governments are being asked to step up efforts to ensure reserves are consistently released in accordance with central planning, and the NDRC would "continue market supervision to ensure the stable operation of prices".

The NDRC comments came after pork prices increased 36% y/y in Sep and were a key factor in driving the 2.8% year-on-year rise in Sep CPI. (See MNI BRIEF: China Sep CPI Rises 2.8%; Highest Since April 2020)

This follows an announcement earlier this week that the NDRC had released additional pork reserves given price increases had reached a "warning range". (SeeMNI BRIEF: China's NDRC Taps Pork Reserve to Curb Inflation)

MNI Beijing Bureau |
MNI Beijing Bureau |

To read the full story

Why Subscribe to


MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.