From May 11 to 15, the average pork price index in 16 provincial-level regions tracked by the Ministry of Agriculture and Rural Affairs came in at 36.35 yuan (about $5.1) per kg, down 9.1 percent week-on-week.
The price retreat came as the government has been taking multi-pronged measures to boost supply, including releasing frozen pork reserves and expanding imports.
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To soften the impact of the novel coronavirus outbreak, China has ramped up financial support, including subsidies and loans to major pig-producing counties to restore production.
Pork production is expected to reach 48 million metric tons this year, 5 million tons more than that last year, according to a report by the Chinese Academy of Social Sciences.
May 20, 2020/ MoA/ China.
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