Price of Major Farm Produce Monitored by MOFCOM Rose by a Smaller Margin Last Week and Price of Material for Production Rose for Three Consecutive Weeks



Price of major farm produce monitored by MOFCOM rose by a smaller margin last week (December 24-30) compared with that of the previous week, and the price of material for production rose for three consecutive weeks.

The average wholesale prices of 18 vegetables rose by 2.9%, 4 percentage points lower compared with that of the previous week. Of which Chinese cabbage, white radish and cabbage were up by 9.3%, 9.3% and 8.6% respectively. The wholesale price of pork was up by 0.9% as compared with that of the previous week, down by 6.8% year-on-year. Pork price in Shanghai, Chongqing and Beijing rose by 4.9%, 2% and 0.6% respectively compared with that of the previous week; both beef and lamp rose by 0.5%, and the price of chicken up by 0.2%. The average wholesale price of 8 aquatic products were up by 0.5%, of which carp, grass carp and big cutlass fish saw a rise of 1.6%, 1.1% and 0.8%. The retail price of eggs was up by 0.4% as compared with that of the previous week, and the price of eggs in Beijing, Tianjin and Guangzhou was up by 0.7%, 0.6% and 0.1% respectively. Retail price of grains and oil was widely on the increase, of which small package of flour and small package of rice rose by 0.2% compared with that of the previous week, and peanut oil, soybean oil and rapeseed oil were up by 0.2%, 0.1% and 0.1% respectively.

Of major material for production, the prices of mineral products, rubber, steel, non-ferrous metal, energy resources and material for agricultural production rose, chemical products remained unchanged, while building materials and materials for light industry dropped slightly. The price of mineral products rose by 0.9%, of which molybdenum ore, iron ore, zinc ore and copper ore rose by 1.8%, 1%, 1% and 0.3% respectively, lead ore and antimony ore remained unchanged, while tungsten ore and tin ore fell by 0.8% and 0.4% respectively. The prices of rubber were up by 0.4%, of which domestic standard rubber#1and imported RRS3 were up by 0.8% and 0.7% respectively, while nitrile rubber remained unchanged. The prices of steel were up by 0.3%, of which hot rolled strip 145*2.5mm, ordinary plate of 10mm and rebar