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05

2022

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09

NDRC to Release Frozen Pork, Beef and Mutton Reserves to Response the Rise in Prices Before Festivals

Source:

OIG+X

Frozen pork, beef and mutton will be released from central reserves in batches to increase meat supply during the upcoming holidays.

 

Frozen pork, beef and mutton will be released from central reserves in batches to increase meat supply during the upcoming holidays.

 

Today Huachu published the notice on bidding transactions of frozen pork reserves on Sept 8, in which 37,700 tons are listed in this auction. The specific transaction time is from 13:00 to 16:00 on Sept 8, 2022.

 

Also, there were notices of 4,800 tons and 1,900 tons of frozen beef and mutton central reserves will be listed on 2nd Sept and 6th Sept respectively.

 

Domestic beef and mutton wholesale market prices are relatively stable compared to pork. According to the Ministry of Agriculture and Rural Affairs (MARA) the monthly wholesale price of beef in the market has remained at 76 yuan/kg to 78 yuan/kg since 2021 with rare cases exceeding the range but below 79 yuan/kg. There existed an obvious downward trend in mutton prices overall. Mutton wholesale prices were above 70 yuan/kg as of May this year, and they slipped to 66.17 yuan/kg in June. Pork prices have higher price fluctuations, rising to more than 29 yuan/kg in just two months and rebounding from 20 yuan/kg in May this year.