Spiralling food prices worry Chinese consumers

Vegetables are now more expensive than pork as concerns over rising food prices coincide with a hike in fuel costs head of winter.
calendar icon 27 October 2021
clock icon 5 minute read

"Our natural gas prices are up at least 100% and we think they could triple during Chinese New Year," said Xu Dan, manager of the HortiPolaris greenhouse in Beijing, referring to China's most important holiday, due next February.

"I have to find a way to increase our energy efficiency. You can't ask consumers to pay three times the price."

Chinese coal prices have gained nearly 190% this year on tight supplies following tough safety checks and graft investigations in key mining regions, while heavy rains flooded dozens of northern coal mines.

($1=6.38268 Chinese yuan renminbi)

Read more about this story here.

© 2000 - 2024 - Global Ag Media. All Rights Reserved | No part of this site may be reproduced without permission.