ONE Chinese city has gone back to rationing and price controls to calm its pork market, as the nation’s hog herd is ravaged by a killer disease and wholesale prices spike to record levels. Vendors in 10 selected wet markets in Nanning, capital of the southern region of Guangxi, are selling pork cuts capped at a maximum price over the first 10 days of September, according to a statement posted on the website of the local government’s planning body. The most expensive, ribs, won’t retail for more than 32.2 yuan (US$4.50) per half a kilo. Each customer is allowed only 1 kilo of pork, the Nanning Evening News, a local government newspaper, reported Sunday. The steps are necessary to control surging prices given the time it’ll take for pork production to recover, the newspaper said. The move shows the ill-effects of African swine fever, first reported about a year ago. The government is expected to offer more incentives for farmers to restock even as imports surge. “Pork is an indispensable food on the table, and the high prices of pork has seriously affected daily life,” according to the Nanning newspaper. China’s pig herd shrank by 32.2 percent in July from the same month a year ago, according to official data.(SD-Agencies) |