Slight Drop in Chinese Farm Produce Prices14 May 2012
CHINA - The prices of major farm produce monitored by MOFCOM saw a slight drop last week (30 April - 6 May) and that of materials for production fell in three consecutive weeks.
The retail price of egg dropped 0.5 per cent over the previous week, 9.3 per cent percentage lower than that of the beginning of this year. The retail prices of egg in Beijing, Xiamen and Tianjin saw a decrease of 15.1 per cent, 14.4 per cent and 14.4 per cent than that of the beginning of this year.
The wholesale prices of meat fell, of which pork continued to fell, 0.8 per cent lower than that of the previous week, and 14.7 per cent lower than that of the end of January.
The price of pork was 18 yuan per kilo in Beijing, Shanghai and Chongqing, 24.1 per cent, 23 per cent and 19.9 per cent lower than that of the end of January. The prices of chicken dropped 0.1 per cent while that of beef and mutton rose 0.3 per cent and 0.1 per cent respectively.
The prices of grains and oil maintained a steady growth, of which peanut oil, soybean oil, wheat flour and rapeseed oil rose 0.3 per cent, 0.3 per cent, 0.2 per cent and 0.1 per cent respectively, while that of rice remained unchanged.
The wholesale prices of eight aquatic productions rose 0.9 per cent over the previous week, with an accumulative increase of 2 per cent in three weeks, of which carp, grass carp and silver carp rose 2.4 per cent, 2.3 per cent and 1.1 per cent over the previous week.
TheFishSite News Desk