China’s government is reported to be monitoring national pork
production with the possibility of introducing a control plan to prevent deep
financial losses for pig producers. This follows a declining trend in live pig
prices in several major cities since the Chinese New Year.
Until mid-March,
the price of piglets and finishing pigs at Xuzhou dropped 19 percent and 14
percent, respectively. As a result, the Chinese
pig breeding industry is encountering a period of loss.
To boost its domestic pig industry, China’s ministry of
industry released a development plan offering incentives and subsidies to boost
meat supplies over the next 2 to 3 years in anticipation of rising pork demand.
The aim is to have a total of 85 million metric tons of meat produced by 2015,
which includes 53.6 million metric tons of pork.
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