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Beijing - China will reward pig raisers with cash in a bid to ensure pork supply, state media said on Tuesday, as the rising price of the dietary staple continued to add pressure on inflation.
The finance ministry has earmarked a fund of 1.5bn yuan ($199m) for 253 counties in China that supply 600 000 to 800 000 pigs on average every year, the China Daily reported.
The move aims to encourage pig raising while pork continues to be in short supply and the price remains high, and to increase farmers' income, the ministry said, according to the newspaper.
The funds will be used mainly for the reconstruction of pig farms, the purchase of thoroughbred pigs and vaccinations, it added.
Pork prices in China have soared by 46% in the first eight months of the year, bringing inflation to a decade-high of 6.5%last month, sharply exceeding the government target of three percent.
China's consumer price index in the first eight months of the year stood at 3.9%, causing growing concerns that food price hikes are spilling over into general inflation.
AFP