China to tap strategic meat reserves as pork prices soar

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AFP Beijing
Last Updated : Sep 11 2019 | 7:55 PM IST

China is considering tapping into its strategic frozen reserves of meat, its top economic planner said Wednesday, as it grapples with a swine fever outbreak that has ripped through its massive pig-farming industry.

Authorities are scrambling to contain the outbreak, culling or killing more than one million pigs, as prices of the country's staple meat have soared amid severe shortages.

"We have sufficient material resources, effective policy tools, and experience in regulation and control," said Peng Shaozhong, director of the pricing department at the National Development and Reform Commission.

"We are confident that we can cope with challenges, resolve risks, and do a good job in maintaining prices of live pigs."

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First Published: Sep 11 2019 | 7:55 PM IST