Off the wire
UN chief hails U.S.-Indian joint statement on climate change  • Chinese shares close lower Wednesday  • News Analysis: Palestinians hope for sooner revival of stalled peace talks  • 10,000 palm trees to be planted along Cambodia-Laos border  • 1st LD: Militants intercept bus in N. Afghan province, kidnap passengers  • Rio Tinto seeking to buy back 2.9 bln USD bonds  • Interview: China has right to exercise sovereignty in South China Sea: Australian academic  • Thailand becomes first Asian nation to wipe out mother-to-child HIV spread  • 2nd LD: China's exports slow, imports rebound in May  • Singapore to give start-ups, SMEs greater access to crowd-funding  
You are here:   Home

China's farm produce prices continue to retreat

Xinhua, June 8, 2016 Adjust font size:

Farm produce prices in 36 major Chinese cities dropped last week, as average prices of fruit and vegetables shed more than 2 percent from a week earlier, official data showed.

The Ministry of Commerce (MOC) said in an online statement that the prices of 30 vegetables and six fruits dropped last week, with eggplant, bitter gourd and cauliflower down 9.4 percent, 9.2 percent and 7 percent, respectively.

Grain slightly retreated, with rice prices down 0.2 percent from the previous week, while flour remained unchanged from a week earlier.

Changes to meat prices varied, with pork edging up 0.6 percent. Mutton dropped 0.6 percent, and beef declined by 0.1 percent.

Cooking oil prices slightly gained. Soybean, rapeseed and peanut oils all climbed by 0.1 percent.

Seafood prices rose slightly by 2.4 percent from a week earlier, with common carp and crucian up 3.1 percent and 2.9 percent.

Food prices account for one-third of the calculation of China's consumer price index (CPI).

China's CPI rose 2.3 percent in April, flat from the previous two months. May CPI will be released on Thursday.

This year's target consumer price growth is set at around 3 percent, the same as for 2015. Endit