Measures reportedly in the works by agriculture authorities are not just aimed at restoring balance to pork sector, but also at shoring up economy amid deflation risks
China’s national breeding sow inventory will be reduced by 1 million from the current level of 40.38 million to ease an oversupply of pork in the market that has suppressed swine prices and raised deflationary pressures in the economy.
While specifics of the reduction were limited, it would take the national sow herd size down to 39.5 million, CLS.cn said in an exclusive report, citing a plan proposed by the Ministry of Agriculture and Rural Affairs last week.
The ministry was looking to ease industry losses caused by an oversupply of hogs and persistently low pork prices, the website, which is an online tech and financial news platform, reported on Tuesday.
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