China's Farm Produce Prices Drop

by 5m Editor
15 May 2013, at 8:17am

CHINA - Prices of farm produce in 36 major Chinese cities declined for the third consecutive week, official data showed on Monday (13 May).

The wholesale price of chickens grew 0.1 per cent week on week, after declining for seven consecutive weeks.

The outbreak of H7N9 bird flu virus since the end of March has affected the country's consumption of chicken.

Prices of pork, the country's staple meat, dropped 0.7 per cent week on week. The values of beef and mutton were relatively flat, according to the statement.

Food prices account for about one-third of the prices used to calculate China's consumer price index, a main gauge of inflation.

Prices of production materials picked up slightly.