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China Farm Produce Prices on the Rise

03 December 2014

CHINA - The prices of produce in 36 of China's large and medium-sized cities edged up slightly last week ending 30 November compared with the previous week, said the Ministry of Commerce.

The average price of 18 vegetables experienced a rise of 2.5 per cent due to seasonal pricing, pushing up the overall prices of farm produce, the ministry said.

Pepper, lettuce and cucumber prices rose 13.3 per cent, 9.1 per cent and 7.8 per cent respectively over a week earlier.

Last week, the price of beef, chicken and aquatic products increased 0.2 per cent, 0.2 per cent and 0.3 per cent, while pork and mutton prices dropped 0.3 and 0.2 per cent respectively.

Rice and flour prices stayed flat, according to the ministry.

Food accounts for about one third of China's consumer price index (CPI), a main gauge of inflation.

The CPI grew 1.6 percent year on year in October, the lowest level since January 2010, according to the National Bureau of Statistics.

ThePigSite News Desk



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