Farm Produce Prices Continue to Rise15 January 2013
CHINA - The price of major farm produce monitored by the Chinese Ministry of Commerce (MOFCOM) rose by a smaller margin in the week of 31 December to 6 January compared with that of the previous week.
The wholesale price of pork was up by 1.1 per cent as compared with that of the previous week, down by 6.3 per cent year on year.
Pork prices in Shanghai, Chongqing and Beijing rose by 3.6 per cent, 0.8 per cent and 0.5 per cent respectively compared with that of the previous week; the wholesale price of beef and lamp rose by 0.8 per cent and 0.6 per cent respectively, and the price of chicken up by 0.2 per cent.
The average wholesale price of eight aquatic products were up by 0.5 per cent, of which small-head hairtail, silver carp and carp saw a rise of 2.4 per cent, 1.1 per cent and 0.9 per cent.
The retail price of eggs was up by 0.2 per cent as compared with that of the previous week, and the price of eggs in Guangzhou, Shanghai and Tianjin and was up by 0.8 per cent, 0.6 per cent and 0.4 per cent respectively.
The retail price of grains and oil was basically stable with a slight rise, of which small package of flour rose by 0.2 per cent compared with that of the previous week, and small package of rice remained unchanged. The price of cooking oil saw ups and downs, of which peanut oil and rapeseed oil were both up by 0.1 per cent, and soybean oil was down by 0.2 per cent.
The average wholesale prices of 18 vegetables rose by 7.1 per cent compared with that of previous week. Of which white radish, lettuce and white gourd were up by 19.9 per cent, 12.6 per cent and 11.6 per cent respectively.