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

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

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 . . .

Sign In or Subscribe To Get Full Access.

Everything you need about China markets is on THE WIRE - one timeline with up-to-the-minute updates throughout every trading day.

Follow China Market In The Most Efficient Way!

TRY US FOR FREE

We offer limited-time welcome discount to let more people experience the value of our exceptional services. Don't Miss Out - Grab it!