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The Chinese government announced on Wednesday a pork purchase plan to stabilize depressed prices, as production of live pigs remain high.
Prices of live hogs have fallen since mid-December. Wholesale prices fell 1.1 percent in the first two weeks of February year on year after a 1.9 percent drop in January, the statement said.
Pork is the staple meat in China, and plays a major role in calculating inflation. Inflation rose 2.5 percent year on year in January, with prices of pork down 4.3 percent.
Wednesday February 19, 2014/ China Daily/ China.
http://www.chinadaily.com.cn
