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Food Prices Keep Rising

Sustainability Economics +3 more

CHINA - The prices of agri-foodstuffs in China kept rising during the week of 29 July to 4 August according to a survey of prices in 36 medium and large sized cities conducted by the Ministry of Commerce, MOFCOM.

The average wholesale prices of meat rose steadily, of which, the prices of pork and mutton were up by 01.5 per cent and 0.1 per cent respectively compared to previous week and the price of beef was steady.

The retail price of chicken and eggs rose by a small margin, of which, the price of eggs was up by 0.5 per cent and price of chicken fell by 0.3 per cent compared to the previous week.

Retail prices of cooking oil and food grain saw a steady rise. Small packaged of flour was up by 0.2 per cent, and both soybean oil and peanut oil were up by 0.1 per cent compared to previous week.

Prices of small packaged rice and rapeseed oil remained the same.

The average wholesale prices of eight kinds of aquatic products were down by 0.2 per cent compared to the previous week. Leading the way in the fall was the price of grass carp, crucian and small hairtail, down by 1.3 per cent, 1.1 per cent and 0.8 per cent respectively.

The average wholesale prices of 18 vegetables went up by 1.2 per cent compared with the previous week, of which the prices of cabbage, lettuce and Chinese cabbage were up by 9.6 per cent, eight and 7.7 per cent respectively.