Chinese Farm Produce Prices Rise
31 December 2012
CHINA – Price of major farm produce in 36 medium and large sized cities in China rose last week compared to the previous week and the price of material for production has risen for the past for two weeks, according to data from the Chinese Ministry of Commerce (MOFCOM).
The wholesale price of pork saw an increase of 0.7 per cent as compared with that of the previous week, with a year-on-year decrease of 7.3 per cent.
The prices of pork in Shenzhen, Beijing and Chongqing were up by two per cent, 1.8 per cent and 1.3 per cent respectively.
Wholesale prices of beef and lamb rose 0.5 per cent and 0.2 per cent as compared the previous week.
The retail price of chicken remained unchanged as compared with the previous week, while the retail sale price of eggs rose 0.6 compared with the previous week. There has been a 1.9 per cent rise in the price over the last five weeks. The prices of eggs in Guangzhou, Tianjin, and Beijing saw an increase of 2.1 per cent, 2.2 per cent and 0.9 per cent respectively.
Average wholesale prices of 8 kinds of aquatic products were up by 0.3 per cent, of which, small cutlass fish, carp and small yellow croaker were up by 1.1 per cent, 0.8 per cent and 0.7 per cent respectively as compared to the previous week.
Retail prices of grain and oil mostly rose, of which, small packages of rice and small packages of wheat flour rose by 0.3 per cent and 0.2 per cent as compared to the previous week and peanut oil, soybean oil and rapeseed oil increased by 0.3 per cent, 0.2 per cent and 0.1 per cent respectively.
The average prices of 18 kinds of vegetables last week rose 6.9 per cent as compared with that of the previous week, of which, cucumber, eggplant, white radish and Chinese cabbage were up by 18.2 per cent, 12.6 per cent, 11.8 per cent and 11.2 per cent respectively.
Last week, of major products, the prices of mineral products, rubber, materials for agricultural production and steel rose compared with the previous week, building materials and chemical products remained unchanged, and raw materials for light industry, energy resources and non-ferrous metal dropped slightly.