March 25, 2020 / 3:21 AM / 2 months ago

China to encourage local governments to stockpile poultry, aquaculture products

BEIJING (Reuters) - China said on Wednesday that it encourages local governments to temporarily stockpile poultry and aquaculture products in a bid to support the farming sectors after the unprecedented coronavirus cut production and supplies.

China will increase fiscal and tax support for poultry and aquaculture producers to help them survive the impact from coronavirus containment measures, according to a statement jointly issued by the state planner and the country’s agriculture ministry.

Lockdowns on people and goods to curb the outbreak has disrupted logistics and production in the farming sector, threatening output of meat just as the world’s most populous country faces a massive pork shortfall.

Reporting by Hallie Gu and Tom Daly; Editing by Raju Gopalakrishnan

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