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         Weekly pork prices lower in China

         China to buy 40,000 tonnes of frozen pork for state reserves on May 13 -notice

 

 

Weekly pork prices lower in China

 

Xinhua (China)

via China.org.cn - May 10, 2022

 

BEIJING, May 10 (Xinhua) -- Pork prices in China edged down last week, official data shows.

 

From May 5 to 6, the average pork price tracked by the Ministry of Agriculture and Rural Affairs was 20.02 yuan (about 2.98 U.S. dollars) per kg, down 1.2 percent week on week.

 

The price was still 24 percent lower than a year ago.

 

Data from May 1 to 4 was not available as the country had the Labor Day holiday.

 

The National Development and Reform Commission announced in February that pork would be stockpiled to replenish state reserves, as the national average of pork prices against grain prices had dropped below a warning level...

 

more

http://www.china.org.cn/china/Off_the_Wire/2022-05/10/content_78210227.htm

 

 

China to buy 40,000 tonnes of frozen pork for state reserves on May 13 -notice

 

Reuters

May 10, 2022

 

BEIJING, May 10 (Reuters) - China will buy 40,000 tonnes of local frozen pork for its state reserves on May 13, according to a notice issued by the reserves management this year.

 

The country is buying up pork to support prices in the world's top producer of the meat.

 

Reporting by Hong Kong newsroom; editing by Jason Neely

 

source url

https://www.reuters.com/world/china/china-buy-40000-tonnes-frozen-pork-state-reserves-may-13-notice-2022-05-10/