Farm Prices Fall While Raw Materials Rise

CHINA - Farm produce prices monitored by MOFCOM fell last week, while prices of raw materials continued to rise.
calendar icon 5 August 2011
clock icon 2 minute read

The Chinese Ministry of Commerces said that the growth period for vegetables is shorter in summer and the amount of vegetables available in market is on the increase.

The average price of 18 vegetables fell by 3.1 per cent compared to the previous week, 1.6 percentage points more than the growth rate of last week.

The average wholesale price of eight main categories of aquatic products began to fall by 0.1 per cent, of which small cutlass fish, large cutlass fish and silver carp saw a 1.4 per cent, 0.8 per cent and 0.5 per cent price decrease respectively.

The prices of grain and oil saw a slight rise.

The prices of soybean oil remained unchanged, peanut oil and rapeseed oil increased by 0.6 per cent and 0.2 per cent respectively, and the prices of rice and flour both rose by 0.2 per cent.

The wholesale price of meat saw a slight change.

The price of pork dropped by 0.5 per cent, 0.3 percentage points higher than the decline of last week, while beef, lamb and chicken rose by 0.5 per cent, 0.4 per cent and 0.3 per cent respectively, 0.1, 0.6 and 0.1 percentage points lower than the decline of the previous week.

The high summer temperature has lead to a drop in the output of eggs, and the retail price of eggs rose by 0.8 per cent.

TheCattleSite News Desk

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