China to buy 13,000 T of pork for state reserves on July 14 - notice
BEIJING, July 9 (Reuters) - China will buy 13,000 tonnes of frozen pork for its state reserves on July 14, a notice posted by the China Merchandise Reserve Management Center showed on Friday.
China's state planner said late last month that the central and local governments would start purchasing pork for state reserves for the first time since 2019 after a sharp drop in hog prices from January to early June.
A previous notice from the reserve management centre said China would buy 20,000 tonnes of frozen pork on July 7. (Reporting by Beijing Newsroom; writing by Tom Daly)
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