China to start buying pork for state reserves to shore up prices as five-month sharp drops bring losses to pig farmers

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China’s state planner said the central and local governments will start buying pork for the state reserves in a move to shore up prices as the sharp falls triggered level-one alert calling for government actions.

The average hog-to-grain price ratio, a key indicator of profitability in raising hogs, was 4.9:1 for the week of June 21 - 25, falling below the 5:1 level which triggers the Level-One warning for excessive price drops, said the price department of the National Development and Reform Commission Department (NDRC) on Monday. Its's the . . .

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