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China to tap pork reserves over swine fever
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Top Stories |
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IANS | 19 Sep, 2019
China will on Thursday release
pork supplies from its central reserves as it moves to tackle soaring
prices and shortages caused by an outbreak of swine fever.
A state-backed body will auction 10,000 tonnes of frozen pork from its strategic reserves on Thursday, the BBC reported.
China, the world's biggest producer and consumer of pork, has struggled to control the spread of the disease.
Beijing has slaughtered more than 1 million pigs in a bid to contain the incurable pig virus.
Pork prices jumped 46.7 per cent in August on a year earlier, official figures showed.
In
a bid to stabilise prices, a state-backed group that manages the pork
reserves will auction imported frozen pork from countries including
Denmark, France, the US and UK.
Only 300 tonnes will be sold to each bidder at the auction.
Pork
is used widely in Chinese festivals, and the auction comes as the
country prepares to celebrate a week-long national holiday for the 70th
anniversary of the People's Republic of China.
Pork is one of
China's main food staples and accounts for more than 60 per cent of the
country's meat consumption. The industry produced close to 54 million
tonnes of pork last year.
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