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2022

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China’s Pig Market: New Round of Pork Reserves to Release; Sow Herd Show Growth in Sept

Source:

Reuters

China's state planner said on Tuesday it will release its seventh batch of frozen pork from reserves, even though hog prices have recently dropped from a record-high level.

 

China's state planner said on Tuesday it will release its seventh batch of frozen pork from reserves, even though hog prices have recently dropped from a record-high level.

 

The National Development and Reform Commission (NDRC) said the move aims to further improve the market supply and stabilise the price.

 

China's sow herd grew 2% in September versus the prior month to 43.62 million heads, showed data from the Ministry of Agriculture and Rural Affairs on Monday.

 

The hog herd increased 3.1% on the prior month to 443.94 million, and was also up 1.4% on the same period a year ago.