Chinanews.com, January 14th. According to the official account of the National Development and Reform Commission on the 14th, in response to the recent low price of live pigs, the Price Department of the National Development and Reform Commission organized some large-scale live pig slaughtering companies to hold a meeting to analyze the supply and demand and price situation of the live pig market in depth.
Slaughtering companies are advised to appropriately increase commercial inventory, boost market demand, and promote the price of hogs to rise back to a reasonable range as soon as possible
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According to the analysis of participating companies, due to factors such as weaker pork consumption than in previous years and a periodic increase in live pig supply, the price of live pigs fell rapidly in the early stage; recently, pork consumption has recovered, and the demand for slaughter has increased significantly; it is expected that with the further recovery of market consumption , The price of live pigs is expected to gradually rise to a reasonable range.
Participating companies said that the current pork inventory is generally at a low level, and they will study how to increase procurement and storage in a timely manner, and appropriately increase slaughtering volume and commercial inventory.
The National Development and Reform Commission attaches great importance to the work of ensuring supply and stabilizing prices in the hog market, and will continue to keep an eye on market supply and demand and price dynamics, and take timely measures such as purchase and storage in accordance with the requirements of the pork reserve adjustment plan to promote the smooth operation of the hog market and the long-term healthy development of the industry.
(China New Finance and Economics)