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Industry

China's wholesale agricultural product prices dip

May 19, 2020


Abstract : The wholesale prices of China's agricultural products dropped Monday, according to a report from the Ministry of Agriculture and Rural Affairs.

BEIJING, May 18 (Xinhua) -- The wholesale prices of China's agricultural products dropped Monday, according to a report from the Ministry of Agriculture and Rural Affairs.

By 2 p.m. on Monday, the China agricultural product wholesale price index stood at 113.65, down 0.98 points from Friday.

The average wholesale price of pork, a staple meat in China, dropped by 1.3 percent to 39.01 yuan (about 5.48 U.S. dollars) per kg, while eggs dropped by 1 percent to 6.63 yuan per kg.

The average wholesale price of 28 types of vegetables, monitored by the government, edged down 1 percent to 3.82 yuan per kg, while six different types of fruits saw average prices increase by 2.1 percent.

The wholesale price index is compiled from data collected from around 200 agricultural wholesale markets. It is updated daily based on the weighted average of price indices for goods including vegetables, fruit, aquatic products, livestock, cereals and edible vegetable oil. Enditem

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Keyword: agriculture

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