BUSINESS China to release additional pork reserve to maintain price stability

BUSINESS

China to release additional pork reserve to maintain price stability

Xinhua

16:48, September 13, 2022

BEIJING, Sept. 13 (Xinhua) -- China will release additional pork into the market from central reserves this week to ensure pork supplies and maintain stability in prices, the country's top economic planner said Tuesday.

File photo: Xinhua

This will be the second batch of pork released from the country's central reserves this year, according to the National Development and Reform Commission (NDRC).

The price of pork, China's staple meat, inched up 0.4 percent in August over July, contracting 25.2 percentage points over the previous month, official data showed.

The NDRC said it will pay close attention to market changes and increase pork release if necessary.

Pig farms are advised to make proper arrangements and sell hogs at a normal pace.

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