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New Batch Of Pork Storage By Year End - NDRC

CHINA PRESS
MNI (BEIJING)

China will implement a new batch of central pork reserve purchases by year end to promote a reasonable recovery in pig prices following excessive declines in the average pig-to-grain price ratio, according to the National Development and Reform Commission. Data from the Ministry of Agriculture showed pork prices in November decreased 1.3% m/m and 39.7% y/y. Yicai noted the live pig market had entered the traditional peak season, but prices have not increased due to insufficient demand. Wang Zuli, chief pork expert at the Ministry of Agriculture, said pork prices may fall after the new year during off-peak season.

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

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