BUSINESS Pork prices in China edge down

BUSINESS

Pork prices in China edge down

Xinhua

17:20, August 11, 2020

Pork prices in China declined slightly last week, official data showed Tuesday.

From Aug. 3 to 7, the average pork price index in 16 provincial-level regions tracked by the Ministry of Agriculture and Rural Affairs was 48.7 yuan (about 6.99 U.S. dollars) per kg, down 0.1 percent week on week.

Since the beginning of this year, the government has been taking several measures to boost supply, including releasing frozen pork reserves and increasing imports.

To cushion the impact of the novel coronavirus outbreak, China has ramped up financial support, including subsidies and loans, for major pork-producing counties in a bid to encourage hog production.

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(File photo: VCG)

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