The Chinese government announced on Wednesday [19 February 2014] a pork purchase plan to stabilize depressed prices, as production of live pigs remain high. The move will prevent excessive decline in prices of live hogs, stabilize husbandry and protect farmers, the National Development and Reform Commission (NDRC), China’ top economic planning body, said on its website…Full Article: China Daily Feb 2014

Key point

  • Chinese pork prices have been in decline since mid-December 2013 and are expected (by the NDRC) to continue into early spring 2014

ChinaAg Comment

  • In January 2014, the NDRC announced it would reform the country’s grain policy by cutting the link between producer prices and government subsidies

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