China to buy pork for reserves to stabilize market

Recently, due to hot summer weather, seasonally weak consumption, and the recent slaughter of secondary fattening pigs, pork supply has increased, leading to a slight decline in pork prices.

According to the National Development and Reform Commission (NDRC), the national average pig-to-grain price ratio has recently fallen below 6:1, placing the market in the Level 3 alert zone, as outlined in the "Plan for Improving the Government's Pork Reserve Regulation Mechanism to Ensure Supply and Stabilize Pork Prices in the Market."

To promote the stable operation of the live pig market, the NDRC will work with relevant departments to purchase and store the central frozen pork reserve.