China to boost pork output as swine fever drives up prices

In this May 8, 2019, photo, pigs stand in a barn at a pig farm in Panggezhuang village in northern China's Hebei province. Chinese agriculture officials are launching a nationwide initiative to boost pork production following a price spike blamed on shortages caused by an outbreak of African swine fever. (AP Photo/Mark Schiefelbein)

BEIJING — China is launching a nationwide initiative to boost pork production following a price spike blamed on a devastating outbreak of African swine fever.

Authorities said Wednesday that the government will take steps to accelerate the revival of hog production, prevent and control the disease and upgrade farms to further ensure pork supply and stable prices.

Peng Shaozong of the National Development and Reform Commission said government agencies will closely monitor and analyze pork prices, stabilize production and regulate the market price.

Pork prices surged 46.7% in August from a year earlier, adding 1.08 percentage points to a 2.8 percent rise in the consumer price index. The soaring price has hit Chinese consumers hard as pork accounts for more than 60% of meat consumption.

You may also interested in

China imports grow in August for 1st time in 2...

Sep 8, 2016

China trade showed unexpected strength in August in a positive sign for global economic growth

China launches second space station, Tiangong 2

Sep 15, 2016

China has launched its second space station in a sign of the growing sophistication of its...

Asia shares falter as investors watch dollar,...

Jan 6, 2017

Asian shares are wavering as a weaker dollar discourages investors who are shying away from risky...

China exports shrink as Trump trade tensions loom

Jan 13, 2017

China's exports fell back into contraction again last month, signaling renewed weakness for the...

Asian markets lower amid Brexit worries

Jan 17, 2017

Asian stock markets are mostly lower after Britain said Prime Minister Theresa May will call for a...

Subscribe To Our Newsletter