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QINGDAO TODAY
在线翻译:
szdaily -> Business/Markets -> 
Pig herd falls further: agriculture ministry
    2019-09-18  08:53    Shenzhen Daily

CHINA’S pig herd fell by 38.7 percent in August versus a year ago, according to data published by the Ministry of Agriculture and Rural Affairs, marking another record drop as the impact of a year-long epidemic continues to emerge.

The country’s sow herd declined by 37.4 percent versus a year ago, said the ministry.

The huge drop, larger than the prior month’s 32.3 percent fall, comes after African swine fever, a deadly and incurable disease, spread to every province of the world’s top pork producer.

Pork prices are soaring as a result of the shrinking of the herd, with retail prices hitting a record 40.5 yuan (US$5.74) per kg by Sept. 4, according to agriculture ministry data, a 78 percent jump compared with the same time a year ago.

That has driven the country’s food price index to the highest since January 2012, with surging pork prices spilling over into other proteins.

China has rolled out a series of policies to encourage farmers to expand production to ensure the quick recovery of supplies but in the meantime, it plans to release frozen pork from reserves to help stabilize supplies and prices.

China will auction 10,000 tons of pork from its State reserves tomorrow, according to an official notice published yesterday on the website of the China Merchandise Reserve Management Center.

The frozen pork includes meat imported from Denmark, Germany, France and the United States, according to the notice.

Speaking to reporters at a briefing last week, Vice Agriculture Minister Yu Kangzhen said the African swine fever situation is still “severe.”

The Customs Tariff Commission of the State Council will exclude some agricultural products such as soybeans and pork from the additional tariffs on U.S. goods, Xinhua said Friday, quoting official sources.

(SD-Agencies)

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