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Yunnan Province issues a second level warning of excessive decline in pig prices and will carry out reserve adjustment in a timely manner
Publisher：Alpha International SecuritiesTimes：2022/02/17
Due to the steady increase in pig supply, Yunnan's pig prices have been running at a low level since the beginning of this year. The average pig to grain ratio in the province has been below 6:1 for five consecutive weeks, dropping to 4.8:1 on February 8th. It has entered the second level warning zone for excessive decline set by the "Plan for Improving the Government's Reserve Pork Adjustment Mechanism and Ensuring Supply and Price Stability in the Pork Market". Therefore, the Development and Reform Commission of Yunnan Province has issued a second level warning of excessive decline in pig prices, suggesting that breeding farms (households) in Yunnan Province scientifically arrange production and operation, and maintain pig production capacity at a reasonable level. At the same time, the Provincial Development and Reform Commission will closely monitor the production and market price trends of live pigs with relevant departments, timely carry out reserve adjustments, promote the stable operation of the live pig market, and promote the healthy development of the live pig industry.
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