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09

2022

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09

China: Several Local Authorities to Release Pork Reserves

Source:

Zhuyi Data; OIG+X

The National Development and Reform Commission (NDRC) announced that it will work with relevant local departments to release pork reserves in batches from Sept. To ensure pork supply in the market during holidays further coming.

 

The National Development and Reform Commission (NDRC) announced that it will work with relevant local departments to release pork reserves in batches from Sept. To ensure pork supply in the market during holidays further coming. Detailed information on the local reserves shows in the chart below:

 

Supply: the market’s bullish sentiment in the pork market has weakened after the Mid-Autumn Festival. Farmers may be prone to sell pigs next week. While the secondary fattening households may carry out the replenishment again as pig prices fall to a lower level.

 

Demand: some slaughtering companies stopped production during the Mid-Autumn Festival holiday due to prominent losses, leading to the overall slaughtering volume decline. Various regions have successively started releasing pork reserves, making relatively sufficient pork supply. It is expected that pork prices may be on the decline with fluctuation next week.