CHINA China's farm produce prices retreat for 9th straight week

CHINA

China's farm produce prices retreat for 9th straight week

Xinhua

17:28, April 28, 2020

BEIJING, April 28 (Xinhua) -- Prices of farm produce in China continued to decline last week, edging down for nine weeks in a row, data from the Ministry of Commerce showed Tuesday.

From April 20 to 26, the overall price of farm produce went down 0.8 percent on a weekly basis.

In breakdown, the average wholesale price of pork dropped by 2 percent from the previous week, while that of 30 types of vegetables edged down 2.1 percent.

Poultry-related products declined slightly with the wholesale price of eggs down by 0.4 percent and that of chicken down by 0.9 percent week on week.

Food accounts for about one-third of China's consumer price index (CPI), a main gauge of inflation.

The latest official data showed China's CPI rose 4.3 percent year on year in March. 

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(Photo: Agencies)

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