Chinese Food Prices Stay Steady07 January 2014
CHINA - The price of food stuffs in China was steady during the last week of December, according to a survey of 36 medium and large cities carried out by the Ministry of Commerce.
Affected by the increased consumption demands before New Year holiday, the price of some products saw an increase.
The average wholesale price of 18 vegetables rose by 4.8 per cent compared to the previous week, of which kidney beans, balsam pear and tomatoes rose by 12.4 per cent, 11.3 per cent and 9.9 per cent respectively as a result of the decrease of supplies in the market.
The retail price of chicken and egg rose slightly, with the price of chicken going up by by 0.1 per cent, and egg prices up by 0.1 per cent compared to the previous week.
The wholesale price of meat fluctuated slightly. The wholesale price of pork dropped by 0.5 per cent, while price of lamb and beef rose by 0.6 per cent and 0.2 per cent respectively.
The retail prices of edible oil and cereals saw a slight decline. Peanut oil and rapeseed oil went down by 0.2 per cent and 0.1 per cent respectively and small packages of rice, small packages of flour and soybean oil stayed the same.
The average wholesale price of aquatic products were down by 0.5 per cent compared to the previous week after a rise for four consecutive weeks. The top price drops were seen in crucian, small hairtail and carp, down by 1.9 per cent, 0.8 per cent and 0.4 per cent respectively.
TheCattleSite News Desk