Prices of China Farm Produce Keep Rising

Friday, August 24, 2012

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Prices of China Farm Produce Keep Rising

CHINA - The prices of farm produce have risen for the fifth consecutive week and price of materials for production have stabilised after falling for four months in a row, according to the Chinese Ministry of Commerce.

The retail price of eggs rose by 1.3 per cent compared to the previous week, up by 2.9 per cent, 2.6 per cent and 1.5 per cent in Shenzhen, Guangzhou and Beijing respectively.

The price of pork rose by 0.6 per cent compared to the previous week but it is still down by 23.1 per cent year-on-year.

Pork prices in Chongqing, Beijing and Shanghai rose by 1.2 per cent, 0.8 per cent and 0.3 per cent respectively compared to the previous week.

The price of beef, lamb and chicken were up by 0.5 per cent, 0.1 per cent and 0.1 per cent respectively.

The price of rice and wheat flour saw a slightly change, with the prices of peanut oil, soybean oil and rice increasing by 0.3 per cent, 0.2 per cent and 0.2 per cent respectively.

Rapeseed oil remain unchanged, while the price of wheat flour dropped by 0.2 per cent.

Muggy and rainy weather has had a bad effect on growth and the storing of leafy vegetables. Fruit and vegetables are now in the slack season.

The wholesale prices of 18 vegetables in 36 medium-and-large sized cities rose by 2.2 per cent compared with that of the previous week, of which cabbage, tomato and eggplant were up by 12.3 per cent, 11.2 per cent and 8.5 per cent month-on-month.

The wholesale price of eight aquatic products were down by 1.2 per cent, of which silver carp, carp and small cutlass fish saw a decrease of 2.6 per cent, 1.6 per cent and 1.5 per cent.

The prices of energy resources were up by 0.1 per cent, of which crude oil increased by 2.1 per cent, with an accumulative increase of 9.9 per cent for five consecutive weeks. The price of coal remain unchanged, while coke dropped by 2.1 per cent.

The price of materials for light industry remained unchanged, of which the price of cotton rose by 0.1 per cent, while chemical fiber fell by 0.5 per cent.

The price of materials for agricultural production dropped by 0.2 per cent, because it is the low season for fertilizer, with reduced demand. The price of urea, superphosphate and ammonium bicarbonate decreased by 1.1 per cent, 0.9 per cent and 0.8 per cent respectively.

TheBioenergySite News Desk

Source: http://www.thebioenergysite.com/news/11529/prices-of-china-farm-produce-keep-rising

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