The Ministry of Commerce (MOC) and the Ministry of Finance (MOF)
Monday jointly issued management measures on the central meat
reserves in an effort to stabilize meat prices in case of
emergency, the Beijing Times reported today.
Effective beginning September 15, the rules authorize the MOC to
release the central meat reserves after consulting with the MOF in
times of large price fluctuations due to serious natural disasters
or public health emergencies.
The two ministries will also work out a plan for determining the
amount, category, and prices of meat released and arrange
distribution.
Relevant government agencies should treat central meat reserves
as a long-term solution and rotate their stock periodically,
according to the rules.
In a related move, the State Council issued an emergency
circular on Monday calling governments of all regions to ensure
ample supplies of subsidiary foods like pork and keep their prices
stable.
The recent surging meat prices have concerned both the
government and individual residents. Central bank statistics
yesterday showed that the wholesale price for live pigs saw a
year-on-year increase of 85 percent last month.
Soaring food prices are believed to have fueled a steep increase
in the consumer price index - 5.6 percent last month, the highest
in 10 years.
(Chinadaily.com.cn August 15, 2007)