October 31, 2012

China farm produce, including meat, sees minor price rise

Prices for key farm produce, including meat, in China remained stable with a slight rise compared in the week to October 21.

The price of material for production fell mostly, according to the Chinese Ministry of Commerce.

The average wholesale price of eight kinds of aquatic products rose 0.6%, of which carp, big yellow croaker, and small cutlass fish rose by 1.1%, 1.1% and 1% respectively.

The wholesale price of meat rose slightly, of which pork price rose by 0.1% compared with that of last week.

The prices of pork in Changsha, Hangzhou and Ningbo rose by 2.5%, 1.2% and 1.1% respectively.

The price of mutton and beef rose 0.6% and 0.5% respectively.

Retail prices of grains and oil basically remained stable and some rose slightly, of which wheat flour and rapeseed oil rose 0.2% and 0.1% as compared with that of the previous week; rice, soy oil and peanut oil maintained unchanged.

The price of chicken dropped 0.3%. Retail price of eggs continued to drop with a decrease of 0.7% compared with that of previous week. The prices of eggs in Beijing, Tianjin, and Shenzhen were down by 2.3%, 2.1% and 1.1% as compared with that of the previous week respectively.

The average wholesale price of 18 vegetables continued to drop, down by 1.1% as compared with that of the previous week, of which Chinese cabbages, tomatoes, and cabbages dropped with a decrease of 8.1%, 8% and 6.1% respectively.