Wed, 21 Oct 2020

Pork prices edge down in China

16 Oct 2020, 14:30 GMT+10

BEIJING, Oct. 16 (Xinhua) -- Pork prices in China declined slightly last week, official data showed.

From Oct. 5 to 11, the average pork price in wholesale markets nationwide was 44.42 yuan (about 6.6 U.S. dollars) per kg, down 2.9 percent week on week, according to data from the Ministry of Agriculture and Rural Affairs.

Since the beginning of this year, the government has been taking 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.

As of last week, the numbers of live pigs and breeding sows in stock have recovered to over 80 percent of the level in normal years, data from the ministry showed.

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