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Drop in Pork Prices Since Mid-September

by 5m Editor
15 November 2011, at 5:27am

CHINA - China's farm produce prices continued to fall last week, with pork prices 1.9 per cent lower than a week earlier and down 8.2 per cent cumulatively since mid-September, the Ministry of Commerce said earlier today.

Egg prices fell for a seventh straight week last week, down 0.6 per cent, as supplies increased, the ministry said in a statement on its website.

Food prices have a one-third weighting in the calculation of China's consumer price index (CPI), a major gauge of inflation. China's CPI eased to 5.5 per cent last month, down from 6.1 per cent in September.