Weekly pork prices drop in China
Source: Xinhua | 2021-05-09
Pork prices in China went down last week as supply exceeded demand, official data showed.
From April 26 to 30, the average pork price index in 16 provincial-level regions tracked by the Ministry of Agriculture and Rural Affairs was 28.64 yuan (about 4.4 U.S. dollars) per kg, down 3.7 percent week on week.
This figure also represented a year-on-year drop of 32.6 percent.
The Chinese government took a series of measures last year to boost the pork supply, including releasing frozen pork reserves and increasing imports.
To soften the impact of the COVID-19 epidemic in 2020, China ramped up financial support, including subsidies and loans, to major pig-producing counties to restore production.
Busiunion
Busiunion