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Pork prices in China higher last week

Xinhua | Updated: 2023-08-23 17:01
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A pork booth in a supermarket in Beijing, June 21, 2020. [Photo/Sipa]

BEIJING -- Pork prices in China registered a week-on-week increase from Aug 14 to 20, official data showed.

During this period, the average price of pork in regions tracked by the Ministry of Agriculture and Rural Affairs stood at 23.17 yuan ($3.22) per kg, up 0.3 percent from the previous week.

The price went down 18.5 percent year-on-year, the data revealed.

China stockpiled 20,000 tons of pork in July to replenish state reserves. This marked the second batch of pork to be added to the state pork reserves in 2023, with the aim of stabilizing market expectations and maintaining steady operations.

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