Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
Farm produce prices fall for 7th week despite quake
Adjust font size:

Agricultural prices had fallen for the seventh consecutive week as of Sunday, indicating that the quake in Sichuan Province hasn't had a major impact on food prices, the Shanghai Securities News reported on Wednesday.

The newspaper cited the latest statistics from the Ministry of Commerce (MOFCOM), which showed that farm produce prices in 36 medium-sized and large cities fell 0.7 percent between May 19 and 25 from a week earlier.

Of the 58 main types of agricultural products, 31 saw prices decrease, 17 saw a rise and 10 were unchanged.

Vegetable prices slid 5.6 percent week-on-week, reflecting seasonal factors, while wholesale prices of pork and lamb eased 0.5 percent. The wholesale price of beef leveled off and grain prices remained stable, according to the MOFCOM.

Farm produce prices dropped 2.9 percent month-on-month in the first three weeks of May, which showed that food price pressures had weakened, according to chief economist Ha Jiming of China International Capital Corp.

Ha predicted that the consumer price index (CPI) pressure would ease in May, and the full-year figure would be 6 percent to 7 percent, taking non-food prices into account. The CPI rose 8.5 percent year-on-year in April.

Food prices account for about a third of the CPI in China.

However, Wei Fengchun, a senior analyst at South China Securities, said that the quake would stimulate consumption and the CPI was still under pressure.

The May 12 earthquake was expected to have an impact on inflation, as Sichuan Province and Chongqing Municipality, two hard-hit areas, together had a large food production base, said Robert Subbaraman, chief economist with Asia Ex-Japan of Lehman Brothers.

He held that the impact would be less than that of the winter weather that paralyzed transportation, cut power and disrupted goods delivery across south China.

Sichuan produces 9.5 percent, 8 percent and 6 percent of the country's pork, edible oil and grain, respectively, the MOFCOM said last week.

(Xinhua News Agency May 29, 2008)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- UN body predicts increase of poverty due to higher food price
- Food price hike haunts world
Most Viewed >>
- Bank of America to increase stake in CCB
- China able to expand over 8% for long time
- State-owned oil refiners told to boost supply
- Banks ordered to write off bad loans
- Stronger economy gives China more time for rescue
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
主站蜘蛛池模板: 泰国一级淫片免费看| 高清不卡毛片免费观看| 好爽好紧好大的免费视频国产| 国产午夜无码福利在线看网站| 91人成在线观看网站| 日本在线观看中文字幕| 亚洲a级黄色片| 欧美日韩国产色| 亚洲黄色片在线观看| 精品国产亚洲一区二区三区| 国产三级观看久久| 黄网在线免费看| 国产男女视频在线观看| 中国国产高清免费av片| 日本无遮挡漫画| 亚洲精品国产成人| 色老头成人免费综合视频| 国产成人精品久久| jizzjizz护士| 国产精品国产三级国产专播下| 99久久免费国产精精品| 天天影院成人免费观看| 亚洲av无码国产综合专区| 欧美日韩福利视频一区二区三区| 国产v亚洲v天堂无码| 韩国理论电影午夜三级717| 国产成人精品福利网站在线观看| 在线天堂av影院| 少妇高潮惨叫喷水在线观看| 中文字幕日韩高清版毛片| 日本成人在线播放| 久久婷婷成人综合色综合| 欧美精品久久一区二区三区| 国产V亚洲V天堂无码久久久| 高清波多野结衣一区二区三区| 国产成人精品亚洲精品| 免费人成在线观看69式小视频| 国产精品丝袜久久久久久不卡| 3d动漫精品啪啪一区二区免费| 国产美女19p爽一下| 5g探花多人运动罗志祥网址|