Make Kitco Your Homepage

China to auction 20,000 tonnes of frozen pork from state reserves on March 27: notice

Kitco News

BEIJING (Reuters) - China will auction 20,000 tonnes of frozen pork from its state reserves on March 27, a notice from the China Merchandise Reserve Management Centre said on Wednesday.

China has already released 230,000 tonnes of pork from its reserves so far this year, after releasing 140,000 tonnes in December.

The frequent sales of frozen pork come as the world’s top pork consumer faces a severe shortage of its favorite protein following a disease epidemic in its huge hog herd.

Reporting by Muyu Xu and Beijing Newsroom, editing by Louise Heavens

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.