The Chinese ministry of commerce aims to stop the ongoing increase of pig prices by rapidly releasing its pork storages on the market. By doing so, the Chinese hope to get a grip on the ever-growing pig prices,Chinese state news agency Xinhua reports. The Chinese ministry of commerce and 12 local governments, including Beijing, Zhejiang and Shaanxi stated that as from December 2015, already 150,000 additional tonnes of pork have been released onto the market. Furthermore, Beijing's city council decided that until early July,3.05 million kg of pork from state storage will be released to the market, Xinhua reports. In addition, slaughterhouses will receive a premium of. Read more...
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