Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

China intensifies efforts to ease fluctuations in hog market

August 06, 2021


Abstract : Chinese authorities on Friday released guidelines on advancing sustainable and healthy development in the hog industry, detailing tasks to avoid drastic fluctuations in the market and ensure stable supplies.

Villager Yang Hai feeds pigs in Liulian Village in Xingye County, south China's Guangxi Zhuang Autonomous Region, Aug. 17, 2019. (Xinhua/Cao Yiming)

BEIJING, Aug. 6 (Xinhua) -- Chinese authorities on Friday released guidelines on advancing sustainable and healthy development in the hog industry, detailing tasks to avoid drastic fluctuations in the market and ensure stable supplies.

In the coming five to 10 years, China will see cyclical market fluctuations effectively alleviated and pork supply security capabilities increased, with an aim to maintain the market's self-sufficiency rate at around 95 percent, according to the guidelines jointly released by government agencies including the Ministry of Agriculture and Rural Affairs.

After the African swine fever dealt a heavy blow to hog production and pork prices, authorities have taken a slew of measures, including handing out subsidies to encourage scale farming, to stabilize prices of the staple meat in China.

While hog supply has gradually restored, the wild swings in production capacity that have long plagued the development of the pig industry have not yet been fundamentally solved, the guidelines noted.

The guidelines called for strengthening monitoring and early warning to maintain a reasonable level of live pig production capacity, and effectively control abnormal changes in production and sales.

More efforts should be made to give full play to the decisive role of the market and allow the government to play a better role, with more market-based methods implemented to alleviate cyclical fluctuations.

While cyclical fluctuations of pork supply and prices are a worldwide phenomenon, such volatilities are especially high in China, partly because the majority of the country's pigs are produced on family farms. Enditem

Scan the QR code and push it to your mobile phone

Keyword: hog price

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial