China to buy pork for state reserves due to falling prices

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China's National Development and Reform Commission (NDRC) has announced its intention to purchase frozen pork in the near future to replenish state reserves. This was reported by Reuters, citing an official statement from the commission.

The reason for this step was the traditional summer decline in demand for pork and a seasonal surplus of supply, which led to a slight drop in prices. The agency noted that such interventions are designed to stabilise the market and support producers during periods of price fluctuations.

The statement does not specify the exact purchase volumes, but market experts expect that this could be a signal for price stabilisation in the coming weeks.

China, as the world's largest consumer of pork, regularly resorts to government procurement to smooth out sharp market fluctuations and ensure food security.


PigUA.info based on materials from thepigsite.com

 

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