China's Commerce Ministry: Ample Supply of Daily Necessities Ahead of Mid-Autumn and National Day Holidays, 5,100 Tons of Central Reserve Beef and Mutton to Be Released
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Ahead of the Mid-Autumn Festival and National Day holidays, China's Ministry of Commerce held a video conference to organize local commerce departments to strengthen the supply guarantee of daily necessities. The ministry instructed key supply enterprises to enhance production-sales connections, broaden sourcing channels, and increase stockpiles of hot-selling items such as fresh produce and mooncakes to meet diversified consumer demand. For key cities and popular tourist areas with concentrated consumption and increased visitors, authorities were told to lock in supply sources in advance and prepare for emergency dispatch. The ministry, together with relevant departments, will release 5,100 tons of central reserve frozen beef and mutton in ethnic minority regions to boost holiday meat supply. During the holidays, the ministry will launch a daily monitoring system to closely track supply and demand of daily necessities to ensure stable market operations. Currently, the national supply of daily necessities is sufficient and prices are generally stable. According to ministry monitoring from September 14-20, inventory of meat, eggs, vegetables, and milk in large supermarkets increased by 3%-8% compared to early September. Wholesale prices of grain, oil, and meat at major agricultural wholesale markets were largely stable, while egg and vegetable prices rose slightly, and fruit and aquatic product prices fell.
Source report
As the Mid-Autumn Festival and National Day holidays approach, the Ministry of Commerce has convened a video conference to instruct local commerce authorities across the country to strengthen the supply guarantee of daily necessities.
Key measures include:
- Guiding key supply enterprises to enhance production-sales coordination and expand sourcing channels
- Increasing stockpiles of popular seasonal items such as fresh produce and mooncakes, in line with holiday consumption patterns, to meet diverse consumer demands
- For key cities and popular tourist destinations with concentrated consumption and increased visitor numbers, directing relevant localities to secure supply sources in advance and prepare for demand-driven transportation
- Coordinating with relevant departments to release 5,100 tonnes of central reserve frozen beef and mutton in ethnic minority regions, thereby increasing meat supply during the holiday period
During the holidays, the Ministry of Commerce will activate a daily monitoring system to closely track the supply and demand of daily necessities, ensuring stable market operations.
At present, the supply of daily necessities across the country is sufficient, and prices remain generally stable. According to Ministry of Commerce monitoring data from September 14 to 20, the inventory levels of meat, eggs, vegetables, and milk in large supermarkets increased by 3% to 8% compared with the beginning of the month. Wholesale prices of grain, oil, and meat at major agricultural wholesale markets remained largely stable, while egg and vegetable prices saw slight increases, and fruit and aquatic product prices declined.
Source
同花顺财经Eastern
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China releases 5,100 tons of frozen beef and mutton reserves ahead of holidays