China releases 20,000 tons of pork from central reserves

Xinhua
China on Friday released another 20,000 tons of pork from its central reserves to increase market supply, according to the Ministry of Commerce.
Xinhua

China on Friday released another 20,000 tons of pork from its central reserves to increase market supply, according to the Ministry of Commerce.

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

Official data has shown that prices of the staple meat in China continued to retreat as the government has been taking multi-pronged measures to boost supply, including increasing subsidies to restore hog production, releasing frozen pork reserves and expanding imports.

From March 16 to 20, the average pork price index in 16 provincial-level regions tracked by the Ministry of Agriculture and Rural Affairs came in at 47.52 yuan (US$6.8) per kg, down 1.6 percent week on week.

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