Source: thuonghieucongluan.com.vn
China’s National Development and Reform Commission (NDRC) has announced that the country will replenish its stockpile of 20,000 tons of frozen pork as its price monitoring index for this staple food has fallen below warning levels. .
The NDRC said that the index of the average pork price relative to grain prices in China is now below warning levels. According to the plan to stabilize the pork market, China applies a three-level early warning system for pork price movements.
China’s National Development and Reform Commission will work with relevant agencies to launch the first batch of national pork reserves this year and guide local governments to purchase pork. .
The Chinese government is very attentive to price fluctuations in the pork market and will continue to strengthen the regulation of production capacity and prices to keep the market stable.
