BUSINESS China's agricultural product wholesale prices edge down

BUSINESS

China's agricultural product wholesale prices edge down

Xinhua

17:26, February 19, 2021

The wholesale prices of China's agricultural products edged down Friday, according to the Ministry of Agriculture and Rural Affairs.

Shoppers buy fruit at a supermarket in Shijiazhuang, Hebei province. [Photo by Jia Minjie/For China Daily]

The latest China agricultural product wholesale price index came in at 138.19, down 1.96 points from the previous working day.

By 2 pm Friday, the average wholesale price of pork, a staple meat in China, fell 0.9 percent to 42.67 yuan ($6.6) per kg, and that of eggs rose 0.2 percent to 8.72 yuan per kg.

The average wholesale prices of 28 key types of vegetables tracked by the government dropped 2.8 percent from the previous working day.

The wholesale price index is compiled on the basis of data collected from around 200 agricultural wholesale markets and is updated daily based on the weighted average of price indices for goods including vegetables, fruits, aquatic products, livestock products, cereals and edible vegetable oil.

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