CHINA China releases more pork from reserves to meet the demand


China releases more pork from reserves to meet the demand


22:46, April 10, 2020


File photo

BEIJING, April 10 (Xinhua) -- China released another 19,700 tonnes of frozen pork from its central reserves Friday to ensure market supply and stabilize pork prices, according to the Ministry of Commerce (MOC).

The release was jointly arranged by the MOC and other authorities, including the National Development and Reform Commission and Ministry of Finance.

The country has already released about 167,000 tonnes of frozen pork from state reserves after the Lunar New Year holiday.

Pork prices in China have soared as the African swine fever battered the country's pork industry, driving up consumer inflation. Prices began to stabilize after the country rolled out multiple measures, such as increasing subsidies to restore hog production, releasing frozen pork reserves and expanding imports.

From March 30 to April 3, the average pork price index in 16 provincial-level regions tracked by the Ministry of Agriculture and Rural Affairs came in at 45.06 yuan (about 6.4 U.S. dollars) per kg, down 1.7 percent week on week.

More frozen pork reserves will be put onto the market in the future in due course, said the MOC.

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue