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China's farm produce prices up 1%

China's farm produce prices up 1%

Write: Ibeamaka [2011-05-20]

Prices of edible farm produce in 36 large and medium-sized Chinese cities rose 1 percent in the week from November 30 to December 6, compared with the previous week, according to figures released by the Ministry of Commerce (MOC) Tuesday.

Forty-three out of 57 kinds of farm produce saw week-on-week price hikes, while prices of nine types saw slumps, said a report on the MOC website.

Vegetable prices climbed the most by 6.2 percent week on week. Aquatic product prices and egg prices expanded 0.1 percent. The wholesale prices of pork and mutton rose 1.4 percent and 0.3 percent respectively.

Production materials prices rose 0.1 percent week-on-week.

Forty-nine out of 112 kinds of production materials saw week-on-week price increases including non-ferrous metal, chemical products and minerals, while prices of 16 types saw slumps including liquefied gas and diesel.