China to take measures to steady hog prices -state media

Credit: REUTERS/CHINA STRINGER NETWORK

BEIJING, July 28 (Reuters) - China's cabinet said on Wednesday it will step up emergency adjustments of its pork reserves and take measures to stabilise hog prices, according to a state media report of the meeting.

Hog prices in the world's top pork producer have plunged sharply this year, eroding profits for farmers and raising concerns that many could stop raising pigs.

(Reporting by Dominique Patton; editing by Jason Neely)

((dominique.patton@thomsonreuters.com;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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