China's commerce ministry said on Thursday it will seek to boost pork impor...
BEIJING - China’s commerce ministry said on Thursday it will seek to boost pork imports and also release frozen pork, beef and mutton from state reserves in “due course” to increase the supply of meat in the market.
The country’s hog herd has shrunk by almost a third since a year ago, according to official data, and pork prices have soared since June. Beijing has agreed to start importing pork from Argentina this year, and is also expected to approve additional plants for export from Brazil and Britain.China often releases some of its meat from storage when prices are high, or during high demand periods such as the weeks ahead of the Lunar New Year holiday, the country’s biggest festival.
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