The price of pork was 20% higher in July compared to year-ago levels.
Official data show a rise in food prices in China, especially pork. In July, China's consumer price index rose 2.7% year on year with food prices rising 6.3% year-on-year and pork rising 20.2% compared to last year.
August 10, 2022/ National Bureau of Statistics/ China.
http://www.stats.gov.cn
China produced 55.41 million tons of pork in 2022.
The retail price of lean pork has entered an alert zone of excessive rising, according to the National Development and Reform Commission.
More pork from government reserves will be released to maintain supply and price stability.
This will be the second batch of pork released from the country's central reserves this year.
Pork will be released from government reserves to ensure supply for upcoming festivals.
Soybean imports for marketing year 21/22 are revised downward while soybean production for MY 22/23 is forecast higher.
Pork prices in China went up last month, official data showed.
China is capable of ensuring its grain security, according to agricultural officials and experts at the China Agricultural Outlook Conference 2022.
In the first quarter of 2022, Chinese pork imports have decreased by more than 60%.
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