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China Farm Produce Prices Show Slight Rise

03 December 2014

CHINA - Chinese food prices rose slightly last week according to a Ministry of Commerce survey of prices in 36 medium and large sized cities.

The average price of 18 vegetables experienced a rise of 2.5 per cent due to seasonal pricing, pushing up the overall prices of farm produce, the ministry said.

Pepper, lettuce and cucumber prices rose 13.3 per cent, 9.1 per cent and 7.8 per cent respectively over a week earlier.

Last week, the price of beef, chicken and aquatic products increased 0.2 per cent, 0.2 per cent and 0.3 per cent, while pork and mutton prices dropped 0.3 and 0.2 per cent respectively.

Rice and flour prices stayed flat, according to the ministry.

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

The CPI grew 1.6 percent year on year in October, the lowest level since January 2010, according to the National Bureau of Statistics.

TheMeatSite News Desk

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