China: Swine and Pork Market Interventions Ineffective at Managing Rising Prices
Since September 8, 2022, the People’s Republic of China (PRC) National Development Reform Commission (NDRC) has auctioned 127,100 metric tons (MT) of frozen pork reserves as an attempt to curb rising prices. However, despite numerous auctions and other PRC market guidance, domestic prices continue to rise. China is now entering the peak season for demand of pork and pork products. Imports of pork from January through August 2022 are down 62 percent compared to the same period in 2021.
Indonesia: Newly Enforced Requirement to Register Fresh Animal Products
The Ministry of Agriculture (MOA) recently stepped up its enforcement of fresh animal product registrations. These new requirements are just two of the many provisions contained in MOA Regulation Number 15 Year 2021. To avoid any trade disruption, the MOA urged importers to expedite the registration process for their imported products. The vigorous enforcement adds another trade impediment to the already complicated import process, particularly for beef products.