China to boost pork output as swine fever drives up prices

In this May 8, 2019, photo, pigs stand in a barn at a pig farm in Panggezhuang village in northern China's Hebei province. Chinese agriculture officials are launching a nationwide initiative to boost pork production following a price spike blamed on shortages caused by an outbreak of African swine fever. (AP Photo/Mark Schiefelbein)

BEIJING — China is launching a nationwide initiative to boost pork production following a price spike blamed on a devastating outbreak of African swine fever.

Authorities said Wednesday that the government will take steps to accelerate the revival of hog production, prevent and control the disease and upgrade farms to further ensure pork supply and stable prices.

Peng Shaozong of the National Development and Reform Commission said government agencies will closely monitor and analyze pork prices, stabilize production and regulate the market price.

Pork prices surged 46.7% in August from a year earlier, adding 1.08 percentage points to a 2.8 percent rise in the consumer price index. The soaring price has hit Chinese consumers hard as pork accounts for more than 60% of meat consumption.

People also read these

Global stocks lower, except for Tokyo, on Yellen speech

Aug 29, 2016

Most global stocks slipped Monday on remarks from the U.S. Federal Reserve late last week that the case has strengthened for raising interest rates, but the Tokyo market was an exception and gained on prospects for a strong dollar

Iowa at center of debate over 'shadow insurance' deals

Aug 30, 2016

Life insurance companies are setting up "shadow insurers" to take on some of their liabilities and free up some of their reserves

Tough economic outlook in Brazil after president removed

Aug 31, 2016

There's a tough road ahead for Latin America's largest economy after ouster of President Dilma Rousseff

Subscribe to our newsletter!

Your Name

Your Email Address