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China’s farm produce prices continue to climb

Updated: Jun 6,2018 8:06 PM     Xinhua

BEIJING — China’s farm produce prices continued to climb in the week ending June 3 due to recovering pork prices, according to data from the Ministry of Commerce.

The price index for farm produce edged up 0.5 percent in the past week, compared with a 0.3-percent rise in the previous week. The index for production materials went up 0.4 percent.

The average wholesale price of 30 kinds of vegetables gained 0.3 percent from a week earlier.

The wholesale price of pork, the country’s staple meat, went up 2.8 percent from a week earlier. The price of beef edged down 0.2 percent while that of lamb fell 0.3 percent.

The wholesale price of eggs went up 0.9 percent.

Food accounts for about one-third of China’s consumer price index (CPI).

China’s CPI rose 1.8 percent year-on-year in April, compared with 2.1 percent for March, as abundant food supplies kept inflation mild.

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