The Chinese government has announces measures to boost its domestic pork supply and stabilize pork prices as the country struggles with its African swine fever outbreak.
Per the mandate, according to CNN, authorities are asking city governments to help subsidize pig farms and requiring banks to ensure that pig farmers and pork processing companies have access to credit support or favorable insurance policies. Additionally, city mayors within Guangdong have been tasked with prioritizing pig farmers and the others of processing plants for their use decisions. They will have to take responsibility if local production doesn't meet official quotas.
As much as 80 million yuan (about $11.6 million) will be earmarked from the provincial budget to subsidize such efforts, according to the statement.