Print This Page Email This Page
China to Reward Pig Raisers to Ensure Pork Supply

The Chinese government has earmarked a fund of 1.5 billion yuan (US$199.5 million) for 253 counties in China that are major live pig suppliers, the Ministry of Finance announced on Monday.

The move aims to encourage pig raising, while pork continues to be in short supply and the price remains high, and increase farmers' income, the ministry said.

Counties are classified as major live pig suppliers if they have an average annual supply of 600,000 to 800,000 pigs, according to the ministry.

The funds will be used mainly for the reconstruction of pig farms, the purchase of thoroughbred pigs and vaccinations.

The major live pig suppliers will be monitored by the government and the use of the funds will be supervised jointly by the Ministry of Finance and the Ministry of Agriculture.

China has suffered from a short supply of pork and ensuing price hikes, which contributed significantly to continuous rises in the country's consumer price index. The key inflation gauge rose 6.5 percent in August, much higher than the government target of three percent.

(Xinhua News Agency September 18, 2007)

Related Stories
- The 4th IMS World Pork Conference Opens in E China
- Pork Prices in China Decline for 4 Consecutive Weeks
- New Measures on Pork Quality
- China Has Little Influence on International Pork Trade
- City Acts to Ease Pork Crisis, Help the Needy

Print This Page Email This Page
China Has over 600 Mln Mobile Phone Users
The 4th IMS World Pork Conference Opens in E China
Official Pledges More Policy, Legal Support for SMEs
Tropical Storm Wipha Approaches China
China: En Route to Better Food Safety
China Creates 'Man-made Oasis' Along Longest Inland River

Product Directory
China Search
Country Search
Hot Buys