Home · Weather · Forum · Learning Chinese · Jobs · Shopping
Search This Site
China | International | Business | Government | Environment | Olympics/Sports | Travel/Living in China | Culture/Entertainment | Books & Magazines | Health
Home / Business / Food & Beverage Tools: Save | Print | E-mail | Most Read | Comment
Pork, edible oil supply to be ensured
Adjust font size:

The Ministry of Commerce will take measures to ensure the supply of pork and edible oil, whose prices have risen over the past few weeks.


According to Wang Xinpei, a ministry spokesman, efforts will be made to facilitate distribution of pork and edible oil. The creation of an emergency supply network will be sped up and the pork reserve system will be improved.


Illegal slaughtering of pigs and other violations of the law such as the sale of pigs injected with water or pork from diseased pigs will be cracked down upon to ensure the safety of the pork supply, Wang said.


On Nov. 5, the pork price, although down 7.5 percent from the record high in early August, was back up to 5.4 percent higher than the level in early October.


The price hike was attributed to mounting demand and the growing costs of pig raising and transport.


Meanwhile, the average retail price of peanut oil, soybean oil and rapeseed oil went up 1.1 percent, 1.0 percent and 0.7 percent respectively from early October.


These price rises were attributed to declines in the production of oil-bearing crops both at home and abroad.


Major edible oil manufacturers and traders nationwide were urged again on Tuesday by the central government to exercise self-discipline and to be reasonable in price-setting in the wake of rising market prices.


In a harshly-worded statement, the National Development and Reform Commission (NDRC), the nation's top economic planning agency which oversees price affairs and other economic and social matters, said edible oil producers and traders would face punishment, including fines of up to 300,000 yuan (40,000 U.S. dollars), and have their business licenses revoked for any violation of pricing laws and regulations.


Major edible oil maker executives and guild leaders were summoned to Beijing on Monday by the commission for a closed door meeting where the government asked them to step up production to rein in the soaring market prices.


(Xinhua News Agency November 9, 2007)


Tools: Save | Print | E-mail | Most Read

Username   Password   Anonymous
China Archives
Related >>
- Pork price drops 11% from peak level: NDRC
- Pork prices rise for the first time in 10 weeks
Most Viewed >>
-China set to hit the brakes on rising yuan
-Power to resume shortly in worst-hit area by snow
-Macao's gaming market expands further
-Online operators are on top of the game
-Insurance firms set to stump up billions

May 15-17, Shanghai Women's Forum Asia
Dec. 12-13 Beijing China-US Strategic Economic Dialogue
Nov. 27-28 Beijing China-EU Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
SiteMap | About Us | RSS | Newsletter | Feedback

Copyright © All Rights Reserved E-mail: Tel: 86-10-88828000 京ICP证 040089号