China increases meat supply on rising demand

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The Chinese Ministry of Commerce (MOC) spokesperson, Gao Feng says the country would take measures to increase meat supply in the market to meet rising demand.

MOC date showed that from Aug. 19 to Aug. 25, pork and beef saw respective increases of 8.8 per cent and 1.4 per cent in their wholesale prices from the previous week.

It added that the wholesale price of mutton edged up 0.7 per cent.

Gao said the MOC, along with other authorities, would put the central government’s reserves of frozen pork, beef and mutton into market so as to stabilise supply.

He added that it would also promote coordination between meat production and purchasing among different regions to ensure supply.

According to him, China will continue to encourage more pork imports following the principle of ‘marketisation’.