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What did the national development and Reform Commission say in response to the rising price of pork?

What did the national development and Reform Commission say in response to the rising price of pork? How much has the price of pork gone up? Meng Wei, spokesman of the national development and Reform Commission (NDRC), said that due to the superposition of African swine plague and 'pig cycle' and other factors, the prices of live pigs and pork may rise to a certain extent in the later stage. It is expected that CPI will run relatively smoothly in the later part of this year, and the annual increase will remain within the expected target range.

Q & a record:

CCTV news reporter:

We can see that the price of pork has been rising recently. How does the NDRC see the rising trend of pork prices and prices in the near future? Next, will the national development and Reform Commission introduce some policies to stabilize prices?

Meng Wei

The recent trend of pork price has been widely concerned by all parties. After the Spring Festival this year, pig prices rose rapidly from a low level and have stabilized and fallen since April. On May 8, the national average pig price was 15.16 yuan per kilogram, up 8.9% over the beginning of the year and 45.8% over the same period last year. The big year-on-year increase was mainly due to the low price base of live pigs in the same period last year, which was 10.4 yuan per kilogram at that time, the lowest level since 2011. From a longer period, the current pig price is about 2.1% lower than the average value since the beginning of 2015.

Since the beginning of this year, the trend of pork retail price has been stable. In the first ten days of May, the retail price of pork with skin hind legs in supermarkets and markets in large and medium-sized cities monitored by our commission was 12.94 yuan per catty, a slight increase of 2.1% over the beginning of the year, and a year-on-year increase of 14.6%, mainly due to the lowest price in recent years in the same period last year.

Affected by African swine plague, pig cycle and other factors, pig and pork prices may rise to a certain extent in the later period. However, due to the sufficient production and supply of livestock and poultry, aquatic products, eggs and other commodities in China, the consumption of residents will not be greatly affected. At the same time, it is not necessary to overestimate the impact of pig and pork prices on CPI. We expect that CPI will run relatively smoothly in the later part of this year, and the annual increase will remain within the expected target range.

In the follow-up, our committee will continue to closely monitor the price trend of live pigs and pork, and work with relevant departments to make preparations for regulation and control. When necessary, we will take relevant measures to stabilize the supply and price and ensure the basic livelihood of the people.