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Economy

China's agricultural product prices down

October 26, 2023


Abstract : Wholesale prices of China's farm produce dropped during the week from October 13 to 19, data from the Ministry of Agriculture and Rural Affairs shows.

BEIJING, Oct. 25 (Xinhua) -- Wholesale prices of China's farm produce dropped during the week from October 13 to 19, data from the Ministry of Agriculture and Rural Affairs shows.

In the period, the country's farm produce wholesale price index came in at 118.56, down 1.78 points from the previous week, and decreasing by 9.56 points year on year, according to the ministry.

The average wholesale price of pork, China's staple meat, edged down 1.7 percent weekly to 21.50 yuan (about 3 U.S. dollars) per kilo, a decline of 35.2 percent year on year.

The figure for eggs went down 3.6 percent from the previous week to 10.66 yuan per kilo while dipping 10 percent from the same period in 2022.

During the same period, the average wholesale price of 19 vegetables tracked by the government fell 2.3 percent to 3.79 yuan per kilo on a weekly basis, dropping by 13.1 percent from the same period last year.

The average figure for six key fruits went up 0.6 percent week on week and edged up 0.3 percent year on year, the data also reveals.

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Keyword: prices agricultural product

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