Prices of pork in China continue to decline
Date
4/15/2020 10:49:05 AM
(MENAFN)
Official data showed that the prices of Pork in China kept declining in the earlier week as the demand weakned while the
supply increased.
The average prices of pork index in 16 provincial-level regions in China that are monitored by the Ministry of Agriculture and Rural Affairs stood at USD6.18 per kg in the period from the 7th to the 10th of April, representing a drop of 3.4 percent since the earlier week.
The drop in prices came due to the increased government efforts to increase the pork supply in the country, such as releasing the frozen pork reserves and increasing pork imports.
China has released 19,700 more frozen pork tons from its central reserves in the earlier week in order to make sure the supply was sufficient for the market demand and to stabilize the prices of pork across the country.
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