March 22, 2013

 

 

Agri-food prices in 36 medium and large sized cities in China have dropped for the fourth consecutive week during March 11-17, 2013, according to the country's Ministry of Commerce.

 

Wholesale pork prices dropped 2.1% as compared to the previous week, with an accumulated decrease of 8% in the last four weeks.

 

The price of pork in Fuzhou, Qingdao and Taiyuan fell 7.5%, 5% and 4.6%, respectively, while wholesale price of beef increased by 0.1%. Wholesale prices of lamb and chicken remained unchanged.

 

With warmer weather conditions in China and an increase in fishing, the average wholesale prices for eight kinds of aquatic products saw a decrease of 0.9% as compared with that of the previous week, of which largehead hairtail, smallhead hairtail and silver carp dropped by the largest margin of 2.3%, 2.3% and 1.2%, respectively.

 

The retail price of eggs was down by 0.6% as it continues to fall for four weeks, with an accumulative decrease of 2.1%.

 

The retail prices of eggs in Nanjing, Hangzhou and Qingdao dropped 4.3%, 3.1% and 2.9%, respectively.

 

Retail prices of oil remained stable with a minor decrease, of which both soy oil and rapeseed oil dropped by 0.1%. Peanut oil remained unchanged.

 

The retail price of grain saw a slight increase, of which small package of wheat flour rose 0.2% over the previous week.

 

The average wholesale prices for 18 vegetables increased with a small margin after three weeks' drop, up by 0.2% compared to the previous week.

 

The price of fruit vegetables increased by the largest margin, of which green peppers, cucumbers and peppers rose 13.6%, 6.3% and 5.1%, respectively.

 

Supply of leaf vegetables was on the increase as prices dropped, of which lettuces, celery and cabbages fell by 13.2%, 9.9% and 7.2%, respectively.