Chinese Agrifood Prices Continue to Fall

Last week, prices of most meats fell.

Wholesale price of pork dropped 2.1 per cent as compared with that of previous week, with an accumulated decrease of eight per cent in the last four weeks.

The price of pork in Fuzhou, Qingdao and Taiyuan fell 7.5 per cent, five per cent and 4.6 per cent respectively, while wholesale price of beef increased by 0.1 per cent, and wholesale prices of lamb and chicken remained unchanged as compared with that of previous week.

As the weather got warmer and the amount of fishing increased, the average wholesale prices of eight kinds of aquatic products saw a decrease of 0.9 per cent as compared with that of the previous week, of which largehead hairtail, smallhead hairtail and silver carp dropped by the largest margin of 2.3 per cent, 2.3 per cent and 1.2 per cent respectively.

The retail price of eggs was down by 0.6 per cent as compared with that of previous week and kept falling consecutively for four weeks with an accumulative decrease of 2.1 per cent.

The retail prices of eggs in Nanjing, Hangzhou and Qingdao dropped 4.3 per cent, 3.1 per cent and 2.9 per cent respectively.

Retail prices of oil remained basically stable with a slight decrease, of which soybean oil and rapeseed oil both dropped by 0.1 per cent as compared with that of previous week, and peanut oil were unchanged.

The retail price of grain was almost unchanged with only a slight increase, of which small package of wheat flour rose 0.2 per cent over the previous week, and small package of rice was unchanged compared with that of previous week.

The average wholesale prices of 18 vegetables increased with a small margin after three weeks’ drop, up by 0.2 per cent compared with that of previous week.

The price of fruit vegetables increased by the largest margin, of which green peppers, cucumbers and peppers rose 13.6 per cent, 6.3 per cent and 5.1 per cent respectively.

Supply of leaf vegetables was on the increase and prices dropped, of which lettuces, celery and cabbages dropped by 13.2 per cent, 9.9 per cent and 7.2 per cent respectively.