Stock Market News
China to buy 40,000 tonnes of frozen pork for state reserves on May 13 -notice
2022.05.10 19:22
FILE PHOTO: A butcher cuts a piece of pork at a market in Beijing, China, March 25, 2016. REUTERS/Jason Lee
BEIJING (Reuters) – China will buy 40,000 tonnes of local frozen pork for its state reserves on May 13, according to a notice issued by the reserves management this year.
The country is buying up pork to support prices in the world’s top producer of the meat.