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

MNI (BEIJING)
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

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