China's pork prices edge up

Pork prices in China increased last week as demand exceeded supply, official data showed.

From June 15 to 19, the average pork price index in 16 provincial-level regions, tracked by the Ministry of Agriculture and Rural Affairs, was 44.95 yuan (about 6.37 U.S. dollars) per kg, up 6.5 percent week on week.

Since the beginning of this year, the government has been taking several measures to boost supply, including releasing frozen pork reserves and increasing imports.

To soften the impact of the novel coronavirus outbreak, China has ramped up financial support, including subsidies and loans, to major pork-producing counties to encourage production.

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