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· China to release more meat from state reserves to secure supplies
· China to tap pork reserves as swine fever hits industry
China to release more meat from state reserves to secure supplies
Reporting by Hallie Gu and Shivani Singh Editing by David Evans and David Goodman, Reuters
19 September 2019
BEIJING, Sept 19 (Reuters) - China has released 10,000 tonnes of pork from state reserves on Thursday to secure meat supply during the National Day Holiday, the country's commerce ministry said, after disease ravaged the world's largest pig herd.
Beijing also released 2,400 tonnes of beef and 1,900 tonnes of mutton from state reserves this month, according to a statement published on the website of the Ministry of Commerce.
Pork prices have jumped sharply recently and demand for the meat has fallen, the ministry said.
With a significant increase in meat imports and as the volume of frozen meat in reserves remains high, supplies are secured, it added.
The ministry said it will continue to monitor supplies and pork prices while coordinating with other government departments to release meats from state reserves as required to guarantee supply in the market.
Pork prices in the world's top consumer hit record levels after an epidemic of African swine fever that has resulted in a drastic cut to output of its favourite meat.
The disease is not harmful to people but kills almost all pigs infected.
Beijing is rolling out a series of measures to help...
China to tap pork reserves as swine fever hits industry
BBC News (UK)
19 September 2019
China is set to 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.
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.
The highly contagious disease is not dangerous to humans, but has hit China's crucial pig-farming industry and driven up costs for consumers.
Pork prices jumped 46.7% 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.
Julian Evans-Pritchard, senior China economist at Capital Economics, said the auction would provide slight relief to the industry but would not do much to contain prices.
"In itself, I don't think it will be able to prevent pork prices from rising further unless they manage to get the disease under control," he said.
Beijing created its strategic pork reserve in 2007 but the size of the stockpile is not known.
Capital Economics estimates that at most, the stockpile would hold four days' worth of pork supplies to feed China.
How has swine fever hit China's pork industry? ...