COA aims to put end to falling pork prices by decreasing output

TAIWAN - The Council of Agriculture (COA) yesterday said they will implement measures in next couple of months to put an end to falling pork prices in the country.
calendar icon 22 March 2007
clock icon 2 minute read

The COA has already drawn up mid- to long-term measures to save pork prices, including decreasing the nation's swine population by 70,000 in the next month or two, said COA Chairman Su Jia-Quan in a report to the Legislative Yuan's Economic Affairs Committee.

According to Su, as many as 50,000 pigs will be sacrificed within a month, and 20,000 more within two months to decrease pork supply in the long-term.

Another measure will be to petition the Taiwan Sugar Corporation (Taisugar), the largest swine breeder in the country, to "stop competing against the people" and decrease their swine production, said Su.

Taisugar said they have already decreased their production by 10 percent, but Su said this was not enough and believed that they could decrease the number by much more.

According to the COA, they are cooperating with swine associations in the country to control the output of swine production at 26,000 to 29,000 per day, to avoid an overflow in the market and driving prices down.

The COA is also controlling the nation's pork prices at above NT$45 per kilogram, while at the same time promoting sales by increasing the nation's confidence in the meat.

Source: The China Post

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