China to auction a further 20,000 tonnes of frozen pork

China is set to auction 20,000 tonnes of frozen pork from state reserves on 7 August.
calendar icon 5 August 2020
clock icon 2 minute read

According to reporting in Reuters and Market Screener, China’s Merchandise Reserve Management Centre announced the auction on its website on 4 August.

This auction closely follows a similar sell-off on 30 July. Previous analysis indicates that China is using the auctions to help stabilise soaring pork prices after outbreaks of African swine fever devastated its domestic pig herd.

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