Japan to buy domestic pork to boost prices after demand drops

Japan, the world’s largest pork importer, will purchase about 70,000 swine carcasses from local herds to boost prices after an economic slump cut consumption and sent stockpiles of the meat to the highest level in 20 years.
Tuesday 29 September 2009 (9 years 1 months 17 days ago)
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Japan, the world’s largest pork importer, will purchase about 70,000 swine carcasses from local herds to boost prices after an economic slump cut consumption and sent stockpiles of the meat to the highest level in 20 years.

The government will spend 292.9 million yen ($3.3 million) on the purchasing program, the Ministry of Agriculture, Forestry and Fisheries said.

http://www.bloomberg.com/apps/news?pid=20601101&sid=adIY4NYv5EXg

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