Chinese Farm Produce Prices Continue to Fall24 April 2014
CHINA - The prices of major farm produce in China continued to fall last week according to a survey of 36 large and medium-sized cities conducted by the Ministry of Commerce, MOFCOM.
Last week, vegetables in various regions went on the market in bulk, with the average wholesale prices of 18 vegetables going down 5.1 per cent compared with that of the previous week.
The prices of cucumber, lettuce and oilseed rape decreased 14.9 per cent, 13.5 per cent and 9.9 per cent respectively week on week.
The average wholesale prices of meat also fell, with the price of pork down 0.3 per cent from the previous week.
The prices of beef and mutton dropped 0.2 per cent and 0.4 per cent respectively.
The average wholesale prices of aquatic products decreased by 0.4 per cent, with the prices of small hairtail, large hairtail and chub moved down 1.7 per cent, 0.7 per cent and 0.6 per cent.
The retail prices of grain and edible oil were stable with only a slight decline, with the prices of rice, flour and soy-bean oil remaining the same as those of the previous week.
The prices of peanut oil and rapeseed oil went down 0.1 per cent.
The retail prices of poultry and eggs saw ups and downs, with the price of chicken down 0.1 per cent and the price of eggs up 0.4 per cent.
TheMeatSite News Desk