Wholesale prices of China’s agricultural product edge down – report

The wholesale prices of China’s agricultural products edged down last week, the official Xinhua news agency quoted the Ministry of Agriculture and Rural Affairs as saying.

From June 18 to 25, the China agricultural product wholesale price index came in at 109.81, down 1.4 points week on week. On a weekly basis, the average wholesale price of pork, a staple meat in China, dropped 5.8 percent to 22.24 yuan ($3.4) per kg, and that of eggs fell 1.2 percent to 9.04 yuan per kg, the ministry said.

The average wholesale prices of 19 key types of vegetables tracked by the government went down 2.1 percent from the previous week, it added.

The wholesale price index is compiled on the basis of data collected from over 200 agricultural wholesale markets and is updated daily based on the weighted average of price indices for goods including vegetables, fruits, aquatic products and livestock products.

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