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Xinhua Silk Road
Economy

China's weekly farm produce prices fall

March 03, 2021


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

BEIJING, March 3 (Xinhua) -- Farm produce prices in China fell last week, according to the Ministry of Commerce.

From Feb. 22 to 28, the overall price of farm produce decreased by 4.6 percent on a weekly basis.

The wholesale price of pork fell 8.7 percent week on week to 38.59 yuan (about 6 U.S. dollars) per kg. The wholesale price of mutton went up 1 percent, while that of beef lost 0.5 percent.

The wholesale price of eggs went down 3.1 percent on a weekly basis and that of chicken edged down 0.1 percent week on week.

The average wholesale prices of 30 types of vegetables dropped 10.7 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 declined 0.3 percent year on year in January, down from a 0.2-percent increase in December last year, official data showed.  Enditem


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Keyword: farm produce

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