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Price of Farm Produce Saw a Slight Rise While Price of Material for Production Kept Falling
Date: 2012-01-10    Source:Ministry of Commerce Website

The prices of major farm produce monitored by MOFCOM rose slightly last week (December 26, 2011-January 1, 2012), while price of material for production kept falling for 6 weeks in a run.

Vegetables in the Market were mainly those grown in greenhouse and South China in cold weather. With the cost increase in production and transportation as well as growing demand in holidays, the average price of 18 vegetables rose by 3.4% as compared with that of the previous week, of which green peppers, chili peppers and white gourd saw 13.7%, 11.5% and 7.7% rise respectively, and cabbage, white turnips and bitter gourds rose by 5.5%, 5.5% and 5.4% respectively. The average wholesale price of 8 main categories of aquatic products rose by 1.1%, 0.2 percentage points more than last week, of which silver carp, large cutlass fish and crucian carp rose by 3.8%, 1.6% and 1.4% respectively, and carp, grass carp and yellow croaker saw 1.3%, 1% and 0.8% price rise respectively. The overall price of meat increased due to the peak season of meat consumption, of which lamb, beef and pork rose by 0.7%, 0.5% and 0.3% respectively, and chicken was up by 0.1%. The prices of grain and oil saw a slightly rise, of which the prices of soybean oil, peanut oil and rapeseed oil was up by 0.3%, 0.3% and 0.1% respectively, the prices of rice increased by 0.2%, and price of wheat flour remain unchanged. The retail price of eggs was equal to that of the previous week due to adequate supply.

Of material for production, the prices of minerals, building materials, steel, rubber, chemical products, material for agricultural production and energy resources fell, the price of material for light industry remain unchanged, while the prices of non-ferrous metals rose slightly. The prices of minerals dropped by 1.5%, kept falling for 6 consecutive weeks, down by 3.9% as compared with that of mid-November, of which the prices of iron ore and copper decreased by 1.7% and 0.7% respectively. Building materials fell by 0.5%, of which glass and cement dropped by 1.6% and 0.3% respectively. The prices of steel, rubber and chemical products fell by 0.4%, 0.2% and 0.2% respectively. The price of material for agricultural production fell by 0.1%, of which fertilizer eased slightly after rising for 3 consecutive weeks, down by 0.3%. The price of energy resources dropped 0.1%, of which the price of crude oil and coal fell by 0.5% and 0.2% respectively. Non-ferrous metals saw a 0.1% price rise.