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Food Prices Stay Stable in China

16 August 2013

CHINA - Meat prices remained stable indicating just a slight increase, wherein the wholesale pork prices rose by one per cent as compared to the previous week.

Beef was up by 0.3 per cent, and lamb remained unchanged.

The retail prices of chicken and eggs kept rising, up by 0.5 per cent and 0.6 per cent respectively compared to the previous week.

The average wholesale prices of eight kinds of aquatic products were up by 0.5 per cent compared to the previous week. The top price rises were big yellow croaker, small cutlass fish and crucian carp, up by 2.9 per cent, two per cent and 1.6 per cent respectively.

The wholesale prices of 18 vegetables dropped by 2.4 per cent compared to the previous week having risen for three consecutive weeks previously.

The main falls were bitter gourd, cucumber and tomatoes as market supply is on the increase, and prices fell 10.8 per cent, 7.6 per cent and 6.9 per cent respectively.

The retail prices of edible oil and food-grains remained basically stable with a slight decline.

Soybean oil, small packages of flour and rapeseed oil fell by 0.3 per cent, 0.2 per cent and 0.1 per cent respectively compared to the previous week, and small package of rice and peanut oil remained unchanged.

ThePigSite News Desk

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