A total of 30,000 tons!

According to news on the website of the Ministry of Commerce on the 11th, the Ministry of Commerce, together with relevant departments, will carry out the fourth batch of central reserve pork purchasing and storage this year

The Ministry of Commerce stated that in order to better play the role of government pork reserve regulation, stabilize market expectations, and maintain the smooth operation of the pork market, the Ministry of Commerce, together with the National Development and Reform Commission, the Ministry of Finance and other departments, purchased and stored 30,000 tons of central reserve pork on October 10.

Monitoring data released by the Ministry of Agriculture and Rural Affairs showed that the "Agricultural Product Wholesale Price Index 200" on October 9 was 116.

In the 39th week of 2021 (September 27-September 30, 2021), the weekly average of the total ex-factory price index of lean white striped pork in 16 provinces (municipalities directly under the Central Government) was 15.

Dongxing Securities believes that with the successive development of the second round of central and local purchasing and storage, it is expected to stabilize market confidence, and when the weather turns cold, pork consumption enters the peak season, and the pig price is expected to rebound seasonally in the future

Pacific Securities analysts pointed out that the fourth quarter of pork consumption entered the peak season, and the second purchase and storage started, the marginal relationship between supply and demand in the live pig market has tightened, and pig prices have rebounding momentum, which is expected to move closer to the cost line