Free Trial

MNI POLICY: China Will Increase Pork Supply Before October

MNI (London)
By Wanxia Lin
     BEIJING (MNI) - China will release a further 10,000 tons of pork from
reserves before October in a bid to ensure pork supply -- curbed by the African
Swine Fever -- during the upcoming 7-day National Day holiday, Gao Feng,
spokesman of the Ministry of Commerce said at a briefing on Thursday. 
     "Meat supplies are sufficient, and prices will stabilize," said Gao, adding
that China has released a total of 20,000 tons of pork, 2,400 tons of beef and
1,900 tons of mutton from reserves so far in September.
     Here are other key points from the presser:
     - Chinese importers have bought "considerable amounts of" soy beans and
pork from the U.S., said Gao, declining to give the detailed figures. China will
continue to exempt extra tariffs for these purchases of American farm goods,
said Gao, urging the U.S. to work with China to expand cooperation in the
agricultural sector.
     - China and the U.S. will maintain close communication, and prepare for
making progress during the meetings in Washington next month, said Gao, without
disclosing further details.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MGQ$$$]
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.