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Economy

China's weekly farm produce prices drop 2.8 pct

November 21, 2019


Abstract : Prices of farm produce in China fell from last week with slips in the wholesale prices of pork and eggs, data from the Ministry of Commerce showed.

BEIJING, Nov. 20 (Xinhua) -- Prices of farm produce in China fell from last week with slips in the wholesale prices of pork and eggs, data from the Ministry of Commerce showed.

From Nov. 11 to 17, the overall price of farm produce went down 2.8 percent on a weekly basis, trailing a 0.6-percent decrease the previous week.

In breakdown, the pork wholesale price declined 6.9 percent from the previous week, while the wholesale price of beef ticked up 0.5 percent.

Poultry-related products saw prices decline, with the wholesale price of eggs shrinking 3.5 percent.

The average wholesale price of 30 types of vegetables dipped 1.7 percent from last week.

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

Data showed China's CPI rose 3.8 percent year on year in October, expanding from the 3-percent growth registered in September.

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Keyword: China farm produce

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