China's agricultural product wholesale prices surge

BEIJING - Wholesale prices of China's agricultural products went up Friday, according to a report released by the Ministry of Agriculture and Rural Affairs.

By 2 pm Friday, the agricultural product wholesale price index stood at 113.35, up 0.39 points from the previous day.

The average wholesale price of pork grew 2.8 percent from the previous day to 41.6 yuan ($5.88) per kg, while the figure for eggs fell 0.5 percent to 10.48 yuan per kg.

The average price of 28 types of vegetables monitored by the government rose 1.6 percent to 3.75 yuan per kg, while that of six types of fruits dropped 1.3 percent to 5.25 yuan per kg.

The index is compiled from data collected from around 200 agricultural wholesale markets and is updated daily based on the weighted average of price indices for goods including vegetables, fruit, aquatic products, livestock products, cereals and edible vegetable oil.