Chinese Food Prices Affected by Weather26 July 2013
CHINA - Last week hot and rainy weather in China had an effect on agri-food prices in China.
According to a survey of 36 medium and large sized cities conducted by the Ministry of Commerce (MOFCOM) there was a small rise in prices.
The average wholesale prices of meat saw ups and downs, among which, prices of pork and mutton were up by 0.8 per cent and 0.1 per cent respectively compared to the previous week and the price of beef was steady.
The retail price of chicken and eggs fluctuated by a small margin. The price of chicken was up by 0.3 per cent and price of egg fell by 0.3 per cent compared to the previous week.
The average wholesale prices of eight kinds of aquatic products were down by 0.1 per cent as compared with that of the previous week.
The top drop was seen in price of large yellow croaker and Small hairtail, down by 2.8 per cent and 0.8 per cent respectively.
Retail prices of cooking oil and food grain were steady. Both peanut oil and rapeseed oil were up by 0.1 per cent compared to previous week, soybean oil was down by 0.1 per cent and the price of small package of rice and small package of flour remained the same.
The average wholesale prices of 18 vegetables went up by 4.2 per cent compared to the previous week,
The top price rises were seen in cabbage, eggplant and celery, up by nine per cent, eight per cent and 7.8 per cent respectively.
TheCattleSite News Desk