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Slight Rise in Chinese Farm Produce Prices

11 December 2013

CHINA - Farm produce prices in China rose slightly in the week ending 8 December compared with the previous week, according to a survey of in 36 major Chinese cities carried out by the Ministry of Commerce.

The wholesale price of pork went up 0.3 per cent, while the cost of beef and mutton rose 0.5 per cent and 0.2 per cent, respectively.

The average wholesale price of aquatic products gained 0.6 per cent and the cost of rice and peanut oil went up 0.2 per cent and 0.1 per cent, respectively.

The price of vegetables and eggs dropped slightly last week. The average wholesale price of 18 kinds of vegetables dipped 2.3 per cent from a week earlier and that of eggs down 0.2 per cent.

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

The CPI grew three per cent year on year in November, down from 3.2 per cent in October, the National Bureau of Statistics (NBS) said on Monday.

TheMeatSite News Desk

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