China adds to pork reserves to stabilize prices

The Chinese government has started to purchase frozen pork and add it to reserves to stabilize prices.

Tuesday 9 April 2013 (5 years 4 months 8 days ago)
Like

The Chinese government has started to purchase frozen pork and add it to reserves to stabilize prices, which have slumped for three months, the country's top economic planning agency said Sunday.

Due to cyclical and seasonal factors, hog prices have fallen remarkably since January. The hog-to-corn price ratio, a major indicator of the industry's profitability, has stayed under 6:1, the break-even point for farmers, for four weeks.

In order to stabilize prices and prevent further damage to farmers' interests, the government has purchased the frozen pork at prices slightly above market price, the National Development and Reform Commission (NDRC) said in a statement.

Monday April 8, 2013/ China Daily/ China.
http://www.chinadaily.com.cn

Related articles

Swine news

Russia: Positive balance of the agricultural sector in 201607-Jun-2017 1 years 2 months 10 days ago

Article Comments

This area is not intended to be a place to consult authors about their articles, but rather a place for open discussion among pig333.com users.
Leave a new Comment

Access restricted to 333 users. In order to post a comment you must be logged in.

Not a registered user of 333?sign upand access swine prices, the search engine, ...
It is fast and free
Are you registered in 333?LOGINIf you've forgotten your password we'll send it to you here

tags

Swine News

Swine industry news in your email

You are not subscribed to this list

27-Jul-201820-Jul-201813-Jul-201806-Jul-2018

Log in and sign up on the list

Not a registered user of 333?sign upand access swine prices, the search engine, ...
It is fast and free
Are you registered in 333?LOGINIf you've forgotten your password we'll send it to you here