China, the world's largest consumer of pork, may limit imports and boost exports of the meat to help support hog prices, according to a government statement.
Regulators will also use government pork reserves and subsidies for farmers and meat processors to keep the sale price of hogs at between 6 and 9 times the price of corn, the National Development and Reform Commission said Wednesday. Controls to cut imports and raise exports may be employed when hog prices fall below 5 times the price of corn, said the NDRC on its Website.
(Shanghai Daily January 15, 2009)
