Thursday, May 19, 2011

China's farm produce prices up

Prices for Chinese farm produce went up slightly, while prices for production materials declined, the Ministry of Commerce (MOC) said on Tuesday, 17 May. Due to higher costs for aquatic products transportation in summer, wholesale prices of eight aquatic products went up 1.5 percent over the previous week. The growth rate was 0.3 percent a point higher, week on week. 



The prices of meat were mixed with declines in mutton by 0.3 percent and beef by 0.1 percent. Pork prices, however, went up 1.2 percent and chicken prices gained 0.1 percent. 
Egg prices were up 0.8 percent due to declining output in summer.  Food prices have key weightings in the calculation of China's consumer price index (CPI), a major gauge of inflation, which hit 5.3 percent in April. Read more ...

This blog is written by Martin Little, The Aquaculturists, published and supported by the International Aquafeed Magazine from Perendale Publishers
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