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China's pork prices continue to soften

Christian Fernsby ▼ | December 3, 2019
Soaring pork prices in China continued to soften last week as the country rolled out multiple measures to stabilize hog production.
Chinese pork
Food in China   Chinese pork
From Nov. 25 to 29, the average pork price index in 16 provincial-level regions tracked by the Ministry of Agriculture and Rural Affairs came in at 40.95 yuan (about 5.8 U.S. dollars) per kg, down 3.5 percent week on week.

Topics: China pork

This is the third consecutive week that the pork price index has retreated since the beginning of November.

The price retreat came as the Chinese government has been taking multi-pronged measures to boost supply, including increasing subsidies to restore hog production, releasing frozen pork reserves and expanding pork imports.

The ministry urged related departments to put great emphasis on restoring hog production and take various measures to ensure pork supply and stabilize pork prices for the coming New Year and Spring Festival holidays.