Price of Major Farm Produce Falls Further06 March 2013
CHINA - The price of major farm produce in 36 medium and large sized cities fell further last week (25 February - 3 March) compared with that of the previous week according to the Chinese Ministry of Commerce (MOFCOM).
The average prices of eight aquatic products dropped 0.7 per cent as compared with that of previous week.
Top price drops are small yellow croaker, chub and big cutlass fish, down by two per cent, 1.4 per cent and 1.2 per cent.
Retail price of eggs was down by 0.4 per cent as compared with that of previous week and kept falling consecutively for two weeks with an accumulative decrease of 0.9 per cent.
Retail prices of eggs in Hangzhou, Qingdao and Fuzhou dropped 2.4 per cent, 2.3 per cent and 1.3 per cent respectively.
Prices for meat saw ups and downs.
Wholesale price of pork dropped 1.7 per cent compared with that of previous week and the prices of pork in Chengdu, Shanghai and Nanjing fell 7.1 per cent, 4.8 per cent and 4.4 per cent respectively.
The wholesale prices of beef and lamb rose 0.4 per cent and 0.3 per cent, retail price of chicken rose 0.1 per cent compared with that of previous week.
Retail prices of grain and oil fluctuated slightly, of which small package of rice and small package of wheat flour rose 0.2 per cent and 0.2 per cent over the previous week, peanut oil and rapeseed oil were both up by 0.1 per cent, while soybean oil dropped 0.1 per cent as compared with that of the previous week.
The average wholesale prices of 18 vegetables fell further and were down by 8.1 per cent as compared with that of the previous week driven by warm weather and increasing supply of vegetables in various regions. Top price drops are of vegetables including celery, cabbage and green pepper down by 16.8 per cent, 14.5 per cent and 12.5 per cent respectively.
TheMeatSite News Desk