Statistics

China's farm produce prices up: report 

(Xinhua)
Updated: 2011-03-02 09:12

BEIJING - In the week ending Feb 27, farm produce prices in China rose slightly compared to the previous week, the Ministry of Commerce (MOC) said in a report released on Tuesday.

The wholesale prices of 18 staple vegetables were up 0.5 percent during the week on average, with prices of cucumbers rising the most, by 8.1 percent.

Pork prices were up 1.3 percent. Prices of mutton went up 0.5 percent. Beef prices rose 0.3 percent.

Prices of rice and flour both rose 0.6 percent, while peanut oil and soybean oil prices were up 0.2 percent.

Related readings:  CPI likely to drop in February: NDRC  Inflation may peak in second quarter  Feb CPI growth may drop to 4.8%

However, price of eggs and eight kinds of sea products saw their prices dip. Egg prices were down by 0.6 percent. Sea products prices fell 0.3 percent.

Chinese Premier Wen Jiabao said over the weekend that maintaining the stability of prices would be the priority of China's economic development.

China's consumer price index (CPI), a major gauge of inflation, rose 4.9 percent in January from one year earlier, pushed up by a 10.3-percent surge in food prices due to rising demand and a prolonged drought in the country's key wheat-growing regions.

An estimate by the Bank of Communications held that the CPI was likely to rise 4.6 percent in February.