China releases stored pig meat to cut prices

China has announced plans to release supplies of stored pork on to the market to help cut prices, according to the latest issue of the British Pig Executive’s Export Bulletin.
The country also said it was planning to build up its reserves of the meat, as the price of pork has jumped by 57.1%, pushing the rate of inflation to a three-year high. The Chinese Ministry of Commerce has said that there were 200,000 metric tons of pork in reserves which would be released into the market. Analysts have said that the current reserves of pork are equal to one or two days’ worth of China's total pork consumption.