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· China to release 20,000 tons of pork reserves before Spring Festival
· China steps up meat imports to ensure holiday supply
China to release 20,000 tons of pork reserves before Spring Festival
China said Monday it will release 20,000 tons of frozen pork from its reserves on January 9 to ensure market supply ahead of the upcoming Spring Festival holiday.
This is the second time that China has tapped into its pork reserves this year amid shortages caused by the African swine fever. On January 3, the country freed up 30,000 tons from its reserves, according to the China Merchandise Reserve Management Center.
Chinese authorities have made active efforts to shore up pork supply with a total amount of 170,000 tons of frozen pork reserves being released in seven batches in September and December last year.
Pork prices in China have surged last year as African swine fever battered the country's pork industry. Prices began to ease after the country rolled out multiple measures to support hog production, including increasing subsidies, simplifying land approval processes and modernizing pig farms.
On December 27, the average pork wholesale market price was 42.89 yuan (about 6 U.S. dollars) per kilogram, 18.15 percent lower than the peak price of 52.4 yuan (7.5 U.S. dollars) on November 1.
China has also expanded imports of meat by diversifying sources of imports, adding 16 new countries for meat imports in 2019.
On December 23, the finance ministry said...
more, including chart
China steps up meat imports to ensure holiday supply
via Eastday - 2020-01-08
BEIJING -- As the Chinese Lunar New Year draws near, global meat producers are rushing to meet the surging demand for protein on Chinese dining tables.
China's meat imports have seen a significant rise in the past year as the government lifted bans to fill a gap in domestic supply.
The country began to import meat products from 16 more countries in 2019, with imported meat hitting 5.49 million metric tons in the first 11 months, climbing 42 percent year-on-year, customs data showed.
In November alone, the country imported 644,000 tons of meat, surging 82 percent year-on-year, while pork imports increased 151.2 percent year-on-year to stand at 230,000 tons.
Hit by outbreaks of African swine fever, China's pig herd shrank notably in the past year, pushing up prices of pork and its alternatives.
As the staple meat is key to many traditional dishes for the Lunar New Year, the country has announced various measures including boosting imports to ensure holiday supply.
The country's pork-related imports were expected to top 3 million tons in 2019, while meat imports were estimated to exceed 6 million tons, according to the Ministry of Commerce.
The increase in imports, coupled with pork reserves to be released and a recovery in domestic hog production, will help meet demand in the coming Chinese New Year, said Vice-Minister of Agriculture and Rural Affairs Yu Kangzhen Wednesday.
Among the incentives to encourage meat imports, the country recently removed a ban on imports of Japan's deboned beef, while import tax on frozen pork was cut from 12 percent to 8 percent starting from this year.
Global exporters are actively stepping up production to cash in on the opportunity. Tony Stock, marketing manager with Prime Ranger Meats Limited...