December 16, 2011

China egg prices fall for 11th consecutive week

Egg prices in China dropped for an 11th consecutive week last week while other farm produce prices spiked, the Ministry of Commerce said Wednesday (Dec 14) .

Egg prices dropped 0.6% on-week and were down 6.2% cumulatively from the end of September, the ministry said in a statement on its website.

During the week of December 5 to 11, the wholesale prices of 18 staple vegetables rose by 7.9% on-week and by 18.4% from early November.

Prices of cucumbers, balsam pears and white gourds increased 20.6%, 12.2% and 7.8%, respectively, on-week as supplies dropped, the statement said.

The price of meat also rose slightly, with pork prices up 0.2%. Mutton prices rose 0.2% and beef prices rose 0.4%.

However, the retail prices of rice and flour slid 0.2% last week, as they were in plentiful supply, the statement said.