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Industry

China's agricultural products see a slight dip in prices

June 08, 2022


Abstract : The wholesale prices of China's agricultural products edged down last week, according to the Ministry of Agriculture and Rural Affairs.

A resident buys fruits at a supermarket in Changchun, northeast China's Jilin Province, March 15, 2022. (Photo by Xu Jiajun/Xinhua)

BEIJING, June 8 (Xinhua) -- The wholesale prices of China's agricultural products edged down last week, according to the Ministry of Agriculture and Rural Affairs.

From May 30 to June 6, the China agricultural product wholesale price index came in at 117.65, down 2.34 points week on week.

On a weekly basis, the average wholesale price of pork, a staple meat in China, climbed 0.5 percent to 21.26 yuan (3.19 U.S. dollars) per kg, rising for seven consecutive weeks. Meanwhile, the price of eggs dropped 3.3 percent to 10.06 yuan per kg.

The average wholesale prices of 28 key types of vegetables tracked by the government went down 4.5 percent from the previous week, while that of six key types of fruit fell 0.7 percent.

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

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Keyword: agricultural products

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