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Pork prices edge down in China

Updated: Sep 09,2020 01:41 PM    Xinhua

BEIJING — Pork prices in China declined slightly last week, official data showed.

From Aug 31 to Sept 4, the average pork price index in 16 provincial-level regions tracked by the Ministry of Agriculture and Rural Affairs was 47.16 yuan (about $6.90) per kg, down 0.7 percent week-on-week.

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.

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