CHINA Hog prices in China up in mid-June

CHINA

Hog prices in China up in mid-June

Xinhua

16:15, June 25, 2020

Residents shop for pork at Lianyun district at Lianyungang city in Jiangsu province on Dec 3, 2019. (Photo: China Daily)

BEIJING, June 25 (Xinhua) -- The price of pigs in China rose 6 percent in mid-June compared with the previous 10 days, data from the National Bureau of Statistics showed.

Since last year, China has implemented a string of policies to encourage hog production and stabilize pork prices affected by African swine fever and other factors.

To soften the impact of COVID-19, China has ramped up financial support including subsidies and loans to major pig-producing counties to restore production, and pork and hog prices have gradually retreated despite some fluctuations.

Data also showed that of the 50 major goods monitored by the government, including seamless steel tubes, gasoline, coal, fertilizer and some chemicals, 23 saw price increases during the period, 24 posted lower prices and three saw prices unchanged.

The figures, released every 10 days, are based on a survey of nearly 2,000 wholesalers and distributors in 31 provincial-level regions.

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