Pork Price Fell For 14 Consecutive Weeks And Has Fallen Below The Warning Line

Pork prices dropped below warning line

Pork prices dropped below warning line. The most recent monitoring data of the National development and Reform Commission shows that at present, the ratio between domestic wholesale prices pig and corn (commonly known as "pig and grain ration) has dropped to 5.9:1, below the warning line.

On May 15, the official website of the National development and Reform Commission announced that the commission would take the latest measures for the falling prices of the pork. The new regulation plan introduced cyclic fluctuation of the price of live pigs, and was now starting to implement. According to the national development and Reform Commission and the Ministry of Commerce, Ministry of agriculture, Ministry of finance, the development of plans, the ration of6:1 between the prices of pork and the prices of grain is the warning line and when the real ration has dropped below the warning line, this indicates that the price of meat may damage the benefit of the producers and the government must take some measures to intervene.

This "plan", is divided into price declines and price increase. The alerts have been divided into four degrees as green, blue, yellow, and red, the green indicates the normal price, and when the pork price continues to fall or rise, highest red warning will be started. For now, the focus is on preventing excessive falling of pork price.

When the price dropped to 5:1, the producers can enjoy subsidies from the government.

According to the reporters, referring to this "plan", if the pork price continues to fall, and the ration between the price of the pork and the grain announced by the monitoring department is below 5:1, governments at all levels would increase meat reserve. At the same time, fiscal discount interest will be adopted to encourage large meat processing enterprises to increase commercial reserves and expand the scale of pork processing. If these measures still cant reverse the falling trend of pork price, and the ration is still below 5:1, and the households slaughter sows in herd, the government will adhere to existing subsidies policy.

The production cycles has lead to excessive supply. The production cycle causing excessive supply is the leading cause of pork prices continue to fall.

by: lyell

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