Free Trial

MNI BRIEF: Pork Price To Rebound Later In 2023 - NDRC

MNI (BEIJING)

Pork prices will rise towards year end as demand recovers and supply remains sufficient, according to a National Development and Reform Commission (NDRC) spokesperson on Wednesday.

Central planners had taken note of the low prices in Q1, but a recent study of pork prices, showed supply to be reasonable and the risk of further price drops low. Authorities will take active steps to promote prices that operate within a reasonable range, such as managing central reserves.

The NDRC said it will strengthen its key indicators on pig production, and instructed farmers to maintain a normal pace of stocking and replenishing.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

To read the full story

Close

Why MNI

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.