Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road
Economy

China's vegetable, fruit prices to fall on increasing supplies: MOC

May 31, 2019


Abstract : Prices of vegetables and fruits are expected to drop with increasing supplies in the market, after a recent hike, according to the Ministry of Commerce (MOC) Thursday.

BEIJING, May 30 (Xinhua) -- Prices of vegetables and fruits are expected to drop with increasing supplies in the market, after a recent hike, according to the Ministry of Commerce (MOC) Thursday.

MOC data showed average wholesale prices of vegetables and fruits in April in 36 Chinese cities jumped 15.6 percent and 12.5 percent from the same period last year, respectively.

Gao Feng, a spokesperson with the MOC, attributed the rising prices to tighter supplies and unfavorable weather conditions in major producing areas.

"After the start of spring, major producing areas saw continuous rainy days with low temperatures and temperatures fluctuated in parts of north China, resulting in a negative impact on fruit and vegetable production," Gao told a press conference.

Prices of vegetables last week, thanks to increasing supplies, dropped 6.9 percent from early May.

MOC data also showed average wholesale prices of pork rose 18.7 percent year on year in April.

Affected by African swine fever, the stocks of hogs in China fell sharply, pushing up pork prices, Gao said.

Pork prices are expected to remain stable with lower meat consumption in summer, he added.

Official data showed China's consumer price index, a main gauge of inflation, quickened to a six-month high of 2.5 percent in April as tighter supplies of vegetables, pork and fruits drove up food prices.

Scan the QR code and push it to your mobile phone

Keyword: MOC vegetables

Reading:

Economic Watch: China's foreign trade to hold up against uncertainties

China to attract more foreign investment into economic, technological development zones

Service trade between China, B&R countries surpasses 120 bln dollars

China's service trade with B&R countries exceeds USD120 bln in 2018

MOC adjusts "OTOP SELECT" strategy and offered more online promotion channels for products

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial