
The Chinese government has announced that the country's pig producers will be given new financial support following a meeting between the Ministry of Agriculture and Rural Affairs, the Ministry of Finance and the CHINA Banking and Insurance Regulatory Commission.
The monetary and fiscal policies announced by officials are aimed at stabilizing the country's pork market and rebalancing pork production in regions hit by a new wave of African swine fever (ASF) outbreaks, such as Sichuan, Inner Mongolia Autonomous Region and Xinjiang Uyghur. autonomous region, according to the Global Times newspaper.
Local authorities in Sichuan province, one of the largest pig production areas in the country, are now introducing new measures to stabilize the pig sector and pork prices. “Departments at all levels should make every effort to stabilize pig production and pork prices, increase political support and confidence to achieve this year’s targets of 40 million breeding stock and 58 million market pigs,” the white paper said. .
Pork prices in China fell by more than 65% in the first half of the year due to the mass liquidation of small and medium-sized farms after the outbreak of ASF that occurred this year. Beijing wants to encourage these farmers to return to business so that production figures continue to rise.
And this fact will be taken into account when preparing the monthly analytical report Meatinfo.ru
Lower pork prices are likely to reduce pork imports in the short term, but this will also affect the level of pig production.