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Two-pronged aim
January 15, 2009, Thursday
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CHINA, the world's largest consumer of pork, may limit imports and boost exports of the meat to help support hog prices, according to a government statement.
Regulators will also use government pork reserves and subsidies for farmers and meat processors to keep the sale price of hogs at between 6 and 9 times the price of corn, the National Development and Reform Commission said yesterday. Controls to cut imports and raise exports may be employed when hog prices fall below 5 times the price of corn, said the NDRC on its Website.
Regulators will also use government pork reserves and subsidies for farmers and meat processors to keep the sale price of hogs at between 6 and 9 times the price of corn, the National Development and Reform Commission said yesterday. Controls to cut imports and raise exports may be employed when hog prices fall below 5 times the price of corn, said the NDRC on its Website.
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