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China’s weekly farm produce prices edge down

Abstract : Farm produce prices in China fell last week, according to the Ministry of Commerce.

BEIJING, April 21 (Xinhua) — Farm produce prices in China fell last week, according to the Ministry of Commerce.

From April 12 to 18, the overall price of farm produces decreased by 0.7 percent on a weekly basis.

The wholesale price of pork fell 0.3 percent week on week to 31.33 yuan (about 4.8 U.S. dollars) per kg. The wholesale price of mutton went down 0.3 percent, while that of beef went up 0.4 percent.

The wholesale price of eggs rose 0.7 percent on a weekly basis and that of chicken dropped 0.2 percent week on week.

The average wholesale prices of 30 types of vegetables fell 4.1 percent from a week earlier.

Food accounts for about one-third of China’s consumer price index (CPI), a main gauge of inflation.

The CPI rose 0.4 percent year on year in March, reversing from the 0.2-percent drop in February, according to data from the National Bureau of Statistics. Enditem

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Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal. China’s silk road economic belt and the 21st century maritime silk road website, include BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: China’s weekly farm produce prices edge down

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