China Stockpiles Frozen Pork to Stabilise Prices

The National Development and Reform Commission (NDRC) said an oversupply of live pigs would last for some time, and it advised pig breeders to reduce the sows and piglets on hand.

To avoid bringing down market prices, the stockpile price should not be lower than the average wholesale price in the area, said an NDRC official.

China's pork prices fell 32 per cent in May on oversupply and concerns that the A(H1N1) influenza virus was connected with pigs, according to the National Bureau of Statistics.

ThePigSite News Desk

Sign up for our
regular news updates

Related news items:

•    CME: Changes for Beef, Pork & Poultry Supplies
•    Third TOPIGS Import into China in Three Months
•    Action Taken to Ramp Up Abattoir Inspections
•    FAO Food Price Index Rebounds in January
•    US Pork Export Forecast is Unchanged

Related News Categories: Pig Health, Markets and Economics, Government & Regulatory, H1N1 Flu Outbreak

Sign up for our
regular news updates

More of the latest Pig Industry News

•   OleoServ Takes over Harles & Jentzsch Assets
•   Public Resistance Ousts GM Crops From EU
•   Nutreco Achieves Excellent Progress in 2011
•   Animal Welfare: The Right Thing to Do
•   New Zealand Pork Seeks New CEO
•   Two Cases of ASF in Wild Boar
•   2011 Pork Imports Higher Than a Year Ago
•   New Way to Map Drought and Water Use
•   Nutreco CEO to Step Down at End of 2012
•   Importers Face High Stocks & Weak Demand