China to support local pork purchases for state reserves

China will support local governments in purchasing frozen pork for commercial reserves to stabilize domestic market prices. The Ministry of Agriculture and Rural Affairs announced the measure to manage supply volatility in the world's largest pork market. State-backed stockpiling acts as a price floor, protecting producer margins and signaling Beijing's intolerance for further price declines.

The ministry stated on Thursday morning that local authorities will coordinate these frozen pork acquisitions to bolster regional commercial reserves. This initiative aims to address fluctuating hog prices by absorbing surplus supply from the market.