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Chinese Farm Produce Prices Rise Slightly

05 December 2013

CHINA - Farm produce prices in China rose slightly in the week ending 1 December compared with the previous week, according to a survey of 36 cities carried out by the Ministry of Commerce.

The wholesale price of pork went up 0.5 per cent, while those of beef and mutton rose 0.2 per cent and 0.1 per cent respectively.

The average wholesale price of aquatic products rose 0.2 per cent and the cost of peanut oil went up 0.1 per cent.

The average wholesale prices of 18 kinds of vegetables shed 0.5 per cent from a week earlier and the price of eggs went down 0.3 per cent.

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

The CPI grew 3.2 per cent year on year in October, up from 3.1 per cent in September, according to the National Bureau of Statistics.

TheMeatSite News Desk

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