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Economy

China's agricultural product wholesale prices drop after holiday ​

February 08, 2022


Abstract : The wholesale prices of China's agricultural products went down Monday after the week-long Chinese Lunar New Year holiday, according to the Ministry of Agriculture and Rural Affairs.

Traders unload radishes from a truck at Jiangqiao wholesale market in Shanghai on Feb. 2, 2022. (Xinhua/Fang Zhe)

BEIJING, Feb. 7 (Xinhua) -- The wholesale prices of China's agricultural products went down Monday after the week-long Chinese Lunar New Year holiday, according to the Ministry of Agriculture and Rural Affairs.

The latest China agricultural product wholesale price index came in at 137.08, down 1.59 points from Jan. 30, the previous working day.

By 2 p.m. Monday, the average wholesale prices of beef, mutton, and chicken declined 1.6 percent, 1.7 percent and 1.6 percent, respectively, but the price of pork, a staple meat in China, went up 1.4 percent.

The average price of 28 key types of vegetables tracked by the index went down 2.8 percent, while that of six key types of fruits edged down 0.1 percent.

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

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Keyword: China wholesale prices agricultural product

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