Price of Major Farm Produce Dropped Slightly06 February 2013
CHINA - Prices of major farm produce in 36 medium and large sized cities in China drop by a smaller margin last week (28 January - 3 February) compared with that of the previous week, according to data from the Ministry of Commerce.
The wholesale price of pork began to drop after kept rising for eleven consecutive weeks, 0.8 per cent lower as compared with that of the previous week.
The prices of pork in Hangzhou, Taiyuan and Tianjin drop in the main, down by six per cent, 4.4 per cent and four per cent respectively.
Wholesale prices of beef and lamb rose 0.6 per cent and 0.5 per cent as compared with that of the previous week, 0.2 and 1.1 percentage points lower than that of previous week.
Retail price of chicken was up by 0.2 per cent as compared with that of previous week.
Retail price of grain and oil rose slightly, of which small package of wheat flour and small package of rice rose 0.4 per cent and 0.2 per cent; soybean oil and peanut oil were both up by 0.1 per cent; rapeseed oil remained unchanged.
The average retail prices of eight aquatic products rose 0.1 per cent as compared with that of previous week, down by 1.1 percentage points, of which big cutlass fish, small cutlass fish and grass carp rose 2.2 per cent, 1.7 per cent and 1.1 per cent respectively; silver carp, small yellow croaker and carp dropped 2.9 per cent, 1.3 per cent and 0.9 per cent respectively.
Retail price of eggs saw an increase of 0.3 per cent last week and price of eggs in Shanghai, Guiyang and Hangzhou rose in the main, up by 1.8 per cent, 1.4 per cent and 1.4 per cent respectively.
The average wholesale prices of 18 vegetables stopped rising and began to drop last week driven by the increasing supply of vegetables in various regions, dropped 0.5 per cent as compared with that of previous week. Top price drops are of vegetables including rape, lettuce and white radish down by 8.2 per cent, 6.9 per cent and 5.5 per cent respectively.
TheMeatSite News Desk