On August 4th, the Sino-Singapore Jingwei client terminal issued a notice on the 4th of China Storage Network that Huashang Reserve Commodity Management Center Co., Ltd. organized and implemented the central reserve frozen pork release work, which will put 20,000 tons of bidding transactions in the warehouse on August 7.
Source: China Storage Network
The Sino-Singapore Jingwei client combed and found that the central reserve frozen pork traded on August 7 will be the 27th time this year, and the cumulative amount will reach 490,000 tons.
On July 30, the National Development and Reform Commission and relevant departments guided the Huashang Reserve Commodity Management Center to successfully organize the 22nd batch of central frozen pork reserves after the Spring Festival. A total of 9371.7 tons were sold, and the average transaction price was 23,487.28 yuan/ton. The National Development and Reform Commission stated that for some time to come, it will continue to closely follow the changes in the live pig and pork market with relevant departments, and organize the central frozen pork reserve in a timely manner.
Recently, the relevant person in charge of the Ministry of Agriculture and Rural Affairs pointed out that consumption enters the peak season in the second half of the year, and pork prices increase seasonally from June to September each year. This year, this year is superimposed on the consumption growth after the epidemic prevention and control situation improves, and the pressure of phased increases may be greater . It is estimated that pork imports this year will increase by 1 million tons over last year, and poultry meat production will increase by 1 million tons. Comprehensive consideration, market supply is guaranteed. (Zhongxin Jingwei APP)