date:May 08, 2014
The Chinese government will purchase more frozen pork from the market to stabilize prices and reduce farmers' losses, the country's top economic planning agency said on Wednesday.
The move, the second in two months, is to address the cyclical pork price fluctuation, said the National Development and Reform Commission.
A similar measure in March has proved to be effective in boosting pork prices, with the national average hog price reaching 11.14 yuan (1.78 U.S. dollars) per kilo by April 30, e