The Ministry of Commerce, along with the Ministry of Finance and NDRC, has announced that it has begun purchasing pork to stockpile in an effort to support prices.
The ministry said it would continue to monitor the market and work with relevant government departments to regulate reserves and ensure stable market operations.
The last time this happened was in July 2023.
When the hog:corn price ratio goes below 5:1, this triggers the highest-level government response to stabilize the market, which...