Farmers and herdsmen are trading beef cattle at a wholesale market for agricultural and livestock products in Ordos, Inner Mongolia, China, on Dec. 8, 2023.
China plans to implement measures to help dairy and beef producers limit production to prevent prices from falling further, an agriculture official said on Wednesday, adding to existing rules on pork producers as meat consumption declines.
The prices of pork, beef, dairy and poultry are falling in the world's largest meat consumer as shoppers, grappling with a slowing economy, scale back on purchases.
This downturn in demand follows an increase in production by the livestock industry, especially pig farmers.
Wang said the livestock market was well supplied, leading to low prices.
Persons:
Wang Lejun, Wang
Organizations:
Animal
Locations:
Ordos, Inner Mongolia, China