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Pork wholesale price is drops

by 5m Editor
22 August 2007, at 9:11am

CHINA - Statistics from the Ministry of Commerce (MOFCOM) showed that the edible agricultural products price index remained high at 113.29 points.

The general price level is up by 0.5 percent since last week, although wholesale pork prices have dropped in the last two weeks, shedding 1.4 percent in the last week alone, reports China Business Times.

Among the 40 products monitored by MOFCOM, 31 products (77.5 percent) became more expensive since last week. Only eight products (20 percent) sold cheaper, while one product broke even a week ago.

Despite the two-week drop in pork prices, some vegetables soared almost 50 percent due to increased costs in harvesting crops and transport through flooded areas.

Nationwide production materials have increased 0.43 percent in prices since last week. Of the 100 products, 36 products or 32.1 percent became more expensive; 51 products or 45.5 percent remained unchanged in prices; and 25 products or 22.3 percent sold cheaper compared to a week ago.

Source: Chinadaily.com.cn

5m Editor