April 23, 2012
China expects to purchase more frozen pork in to increase prices as live hogs are presently sold at cheap prices and pig farmers are not raking in the profits.
"We will start state reserve purchases of frozen pork at an appropriate time to help stabilise live hog prices and to avoid massive losses in pig farming," National Development and Reform Commission (NDRC) said in a statement.
NDRC said that average farm-gate prices of pork had fallen to CNY14.60 (US$2.30) per kilogramme last week.
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