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China's Farm Produce Prices Retreat Last Week

08 May 2018

CHINA - The price index for China's farm produce retreated in the week ending 6 May due to falling vegetable prices, the Ministry of Commerce said Tuesday.

The price index for farm produce edged down 0.6 per cent in the past week as against the previous week, while the index for production materials gained 0.3 per cent.

The average wholesale price of 30 kinds of vegetables went down 1.4 per cent from a week earlier, and the wholesale price of aquatic products extended the declines.

The wholesale price of beef edged up 0.2 per cent, while that of pork and mutton dropped 1.2 per cent and 0.1 per cent, respectively.

Food accounts for about one-third of China's consumer price index (CPI).

The CPI rose 2.1 per cent year on year in March, compared with 2.9 per cent in February, according to data from the National Bureau of Statistics.

TheCattleSite News Desk



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