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China's Farm Produce Prices Continue to Dip

15 May 2018

CHINA - China's farm produce prices continued to fall in the week ending 13 May, according to data from the Ministry of Commerce.

The price index for farm produce dipped 0.9 per cent in the past week, compared with a 0.6 per cent decline in the previous week. The index for production materials edged up 0.2 per cent.

The average wholesale price of 30 kinds of vegetables dropped 2.7 per cent from a week earlier, a steeper decline than the 1.4 per cent decrease in the previous week.

The wholesale price of pork, the country's staple meat, slipped 0.9 per cent from a week earlier. The price of beef stayed basically at the same level while that of lamb rose 0.3 per cent.

The wholesale price of eggs edged down 0.2 per cent.

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

China's CPI rose 1.8 per cent year-on-year last month, compared with 2.1 per cent for March, as abundant food supplies kept inflation mild.

TheCattleSite News Desk



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