Farm Produce Prices Fall for Third Week12 April 2012
CHINA - The prices of major farm produce monitored by MOFCOM fell in three consecutive weeks last week (2-8 April), while price of material for production was stable.
The prices of eight aquatic products dropped 0.3 per cent over the last week, of which small cutlass fish, carp and big cutlass fish saw a decrease of 1.7 per cent, 1.2 per cent and 0.6 per cent respectively.
The retail price of eggs dropped 0.2 per cent, 7.6 per cent lower than in the beginning of this year. The prices of eggs in Beijing, Guangzhou and Tianjin dropped 13.6 per cent, 13.4 per cent and 11.9 per cent.
The prices of meat fluctuated slightly, wherein pork dropped in ten consecutive weeks, 1.2 per cent lower than that of last week, 12.5 per cent lower than that of the end of January, while the prices of pork in Shanghai, Beijing and Chongqing dropped 26.1 per cent, 24 per cent and 15.8 per cent respectively. The price of chicken was down by 0.1 per cent while that of beef and mutton were up by 0.8 per cent and 0.5 per cent.
The retail prices of grains grew steadily, of which rice was stable while that of wheat flour was up by 0.2 per cent. Due to the increasing prices and increasing imported costs, the retail prices of edible oil rose, of which rapeseed oil, soybean oil and peanut oil were up by 0.3 per cent, 0.2 per cent and 0.1 per cent.