The government takes "combined punches" to stabilize the pork market

According to the website of the Ministry of Commerce, in order to better leverage the government’s role in regulating pork reserves, stabilize market expectations, and maintain the smooth operation of the pork market, the Ministry of Commerce, together with the National Development and Reform Commission, the Ministry of Finance and other departments, purchased and stored 30,000 tons of central reserve pork on October 10th.

The overall supply of the pork market exceeds demand and there is no basis for a sustained and sharp rise

Since September, the domestic live pig production capacity has accelerated, the demand for pork has not grown as expected, the market is experiencing signs of oversupply, the price has accelerated, and the loss of live pig farming has further deepened

In order to stabilize prices, the state carried out the second round of central reserve meat purchasing and storage on October 10, purchasing and storing 30,000 tons of meat on the 24th and 4th, all of which were sold

Looking at the next trend, at the end of the third quarter, the country’s live pig population was 437.

In terms of demand, the fourth quarter is the peak season for pork consumption.

The government adopts "combination boxing" to stabilize the market

In response to the excessive drop in live pig prices this year, the state has issued a number of policies to form a set of "combined punches" to stabilize the pork market and ensure the healthy and sustainable development of the industry

First of all, in accordance with the "Improving the Government Pork Reserve Regulation Mechanism and Doing a Good Work Plan for the Pork Market to Guarantee Supply and Stabilize Prices" stipulates: When the price of live pigs drops excessively, the relevant state departments will initiate the central pork reserve procurement and storage work, and urge all localities to promptly develop local pork The work of reserve purchasing and storage has been linked up and down to form a "supporting market" force to effectively ensure the stable operation of the live pig market

In July, the relevant departments carried out the first round of purchasing and storage, with a total of 53,000 tons of three times; on October 10, the second round of first purchasing and storage was carried out, with a volume of 30,000 tons, and the purchasing and storage efforts were significantly increased

Secondly, in order to promote the sustainable and healthy development of the pig industry from a long-term perspective, the state issued the "Opinions on Promoting the Sustainable and Healthy Development of the Pig Industry" by the Ministry of Agriculture and Rural Affairs, the National Development and Reform Commission, the Ministry of Ecology and Environment of the Ministry of Finance, the Ministry of Commerce, and the China Banking and Insurance Regulatory Commission.