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Data

Weekly pork prices rise in China

December 23, 2020


Abstract : Pork prices in China went up last week as demand exceeded supply, official data showed.

BEIJING, Dec. 23 (Xinhua) -- Pork prices in China went up last week as demand exceeded supply, official data showed.

From Dec. 14 to 18, the average pork price index in 16 provincial-level regions tracked by the Ministry of Agriculture and Rural Affairs was 42.96 yuan (about 6.55 U.S. dollars) per kg, up 2.1 percent week on week.

The prices dropped 2.5 percent compared with the same period last year, narrowing 2.2 percentage points from the previous 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 soften the impact of the COVID-19 epidemic, China has ramped up financial support, including subsidies and loans, to major pig-producing counties to restore production.  Enditem

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Keyword: pork

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