Global EditionASIA 中文双语Français
China
Home / China / Society

Govt to free 20,000 tons of pork reserves

chinadaily.com.cn | Updated: 2020-01-07 10:16
Share
Share - WeChat
Residents in Zhengzhou buy pork at a local supermarket, Jan 27, 2019. [Photo/IC]

China will release another batch of 20,000 tons of pork reserves to stabilize prices for the upcoming Spring Festival holiday, according to the website of China Merchandise Reserve Management Center on Thursday.

It is the second time for China to release the frozen pork this year after the first batch of 30,000 tons on Jan 3. Interested parties should register on the website of the center - mrm.com.cn - to compete in the bidding at 1 pm on Jan 9.

Pork, a staple in China, has seen its price soar since last year, due to the short supply affected by African swine fever and cyclical factors.

Chinese authorities have taken measures to help revitalize the hog production, and lowered the tariff on imported pork. In 2019, China released 170,000 tons of frozen pork in seven batches, with the last batch of 40,000 tons in December.

During the week of Dec 30 to Jan 3, the average pork price in 16 provinces and municipalities came in at 45.48 yuan ($6.52) per kilogram, rising 3.4 percent from a week ago, and 159.7 percent from the same period a year ago.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US