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The price of live pigs has been low recently in China. According to monitoring by the National Development and Reform Commission, the national average pig-to-grain price ratio has been running between 5:1 and 6:1 for more than three consecutive weeks, which is an excessive level as determined by the "Plan for Improving the Government's Pork Reserve Adjustment Mechanism to Guarantee Supply and Stable Prices in the Pork Market".
In order to promote a reasonable recovery in pig prices, in accordance with the relevant provisions of the plan, the National Development and Reform Commission will work to launch the third batch of central pork reserve purchases and storages within the year.
November 24, 2023/ National Development and Reform Commission/ China.
https://www.ndrc.gov.cn
