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Ag News
China to Prop Up Pork Prices
A spokesman for China’s Ministry of Commerce says the Chinese government will take steps - to ensure pork prices remain basically stable. Pork prices in China have dropped 9 percent since January. Farmers are losing money and culling some hogs, exacerbating the price issue.Last year China established policy that provides for emergency measures if the price ratio of hogs and feed grain fall below a series of predetermined marks. Those steps could include stockpiling frozen pork.
At the end of February, China’s live-hog inventory had fallen 2.6 percent from a month earlier to 443 million head, 0.6 percent lower than a year ago. At the same time, the number of breeding sows rose 0.4 percent from January to 49 million head.
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- © 2008 Rural Radio Network. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.