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Chinese Farm Produce Prices Keep Rising

30 August 2012

CHINA - Price of farm produce in 36 medium-and-large sized cities monitored by the Chinese Ministry of Commerce (MOFCOM) was up last week (20-26 August), and price of material for production saw a decline.

The retail price of eggs continued to rise, up by three per cent as compared with that of the previous week, with a year-on-year decrease of 2.8 per cent.

The price of eggs in Beijing, Shanghai and Guangzhou saw an increase of 6.8 per cent, 5.9 per cent and 2.9 per cent as compared with that of the previous week.

The wholesale prices of 18 vegetables rose by 1.2 per cent compared with that of the previous week, one percentage point lower than that of the same period, of which eggplant, Chinese cabbage and celery were up by 7.5 per cent, 7.1 per cent and 5.1 per cent as compared with that of the previous week.

The wholesale price of meat was widely on the increase, of which the price of pork rose by 0.8 per cent as compared with that of the previous week, still decreased by 22.7 per cent.

Pork prices in Chongqing, Beijing and Xiamen rose by 3.7 per cent, 2.3 per cent and 0.6 per cent respectively compared with that of the previous week.

Beef, chicken and lamb rose by 0.6, 0.3 and 0.2 per cent respectively.

The wholesale price of 8 aquatic products were up by 0.3 per cent as compared with that of the previous week, of which crucian carp, grass carp and carp up the most, saw an increase of 1.4 per cent, 1.2 per cent and 0.4 per cent.

The retail price of grains and oil maintained a steady rise, of which peanut oil, rapeseed oil and soybean oil were up by 0.5 per cent, 0.3 per cent and 0.2 per cent respectively compared with that of the previous week; the price of rise was up by 0.3 per cent; while the price of rice and wheat flour remained unchanged.

The price of energy resources dropped 1.1 per cent, of which crude oil and coal was down by 4.4 per cent and 2.7 per cent, while that of coke remained unchanged.

The price of material for light industry remained unchanged, of which cotton rose 0.2 per cent and that of chemical fibre was down by 0.5 per cent.

TheFishSite News Desk



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