Prices of pork in China continue to decline| MENAFN.COM

Monday, 27 March 2023 07:26 GMT

Prices of pork in China continue to decline



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.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.