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Pork Prices Need To Increase: NDRC

CHINA PRESS
MNI (BEIJING)

Measures are needed to increase pork prices to a reasonable and stable level as soon as possible, as weak demand and increases in supply have seen prices fall from CNY26.01/kg on January 3 to CNY23.12/kg on January 13, the National Development and Reform Commission (NDRC) told hog producers during a recent meeting, according to China Securities News. The commission said it expects that with a further recovery in consumption, hog prices can gradually return to a reasonable range, and price fluctuations in 2023 will be smaller than in 2022.

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

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