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 From Sept. 1, people in Nanning, the capital of the southwestern
Guangxi region, can buy up to 1 kg of pork a day at a discount of
more than 10% to the average market price over the previous 10 days,
said the state-backed Nanning Evening News on Sunday.
Pork prices in Nanning rose to 40 yuan ($5.64) per kg last week,
according to industry website ZhuE.
China's hog herd, the world's largest, has shrunk by about a third
since a year ago because of swine fever outbreak, according to
official data, though industry participants say the numbers are
likely to be much higher.
Retail pork prices began to surge in June, hitting a record in early
August, and rose to a national average of 35.12 yuan per kg in the
week ending Aug. 21, according to data from the Ministry of
Agriculture and Rural Affairs. That is up 57% from a year earlier.
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The discount in Nanning will be offered on four products - lean
meat, front and hind leg meat, pork belly and pork ribs - at 10 wet
markets in the city.
People in southwestern China have the highest levels of pork
consumption in the country. However, Guangxi is one of China's
poorest regions.
The report added that production cycle of live hogs is relatively
long and a recovery in supply would take time, therefore requiring a
short-term market intervention.
The move comes ahead of the Mid-Autumn festival next week and the
week-long National Day holidays in early October.
(Reporting by Dominique Patton; editing by Christian Schmollinger)
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