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China's Ministry of Agriculture said Monday that both pork reserves and imports are increasing to ensure market supply for the upcoming New Year and Chinese Spring Festival.
The same measure will also be applied to beef, mutton, seafood and eggs.
Since November pork prices in China have continued to ease as the government rolls out multiple measures. Last Friday, the average pork wholesale market price was 42.89 yuan per kilogram (around 6 U.S. dollars), 18.15 percent lower than the peak price of 52.4 yuan (7.5 U.S. dollars) on November 1.
China since September has unveiled 17 measures to support hog production and stabilize pork prices. The ministry will next push forward with the implementation of different measures and incentives, and encourage standardized large-scale pig farming, said Yu Zhenkang, vice minister of Agriculture and Rural Affairs at a press conference. Yu added that they will further step up prevention and control of African Swine Fever.
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