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Economy

Pork prices in China edge down

August 05, 2020


Abstract : Pork prices in China declined last week, official data showed Tuesday.

BEIJING, Aug. 4 (Xinhua) -- Pork prices in China declined last week, official data showed Tuesday.

From July 27 to 31, the average pork price index in 16 provincial-level regions tracked by the Ministry of Agriculture and Rural Affairs was 48.74 yuan (about 6.98 U.S. dollars) per kg, down 0.3 percent week on week.

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

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Keyword: Pork prices

Reading:

Hog prices in China edge down in late July

China's rural online retail sales expand 5 pct in H1

Economic Watch: China's industrial profits rebound, pressure persists

China's industrial profits up 11.5 pct in June

China adds 76,000 pig farming firms in H1

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