China
        

Economy

China to see decline in farm produce prices

Updated: 2011-03-22 19:31

(Xinhua)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

BEIJING - China's farm produce supplies have increased amid warming weather and the country will see a decline in prices soon, the commerce ministry said Tuesday.

Related readings:
China to see decline in farm produce prices China's food prices cooling: commerce ministry
China to see decline in farm produce prices Farm produce backs foreign trade growth
China to see decline in farm produce prices China's farm produce prices continue to rise
China to see decline in farm produce prices China orders steady supply of farm produce amid icy weather

Supplies of necessities are adequate following the country's traditional Spring Festival, so prices are expected to fall steadily, Yao Jian, spokesman of the Ministry of Commerce, said at a regular news briefing.

Government efforts to support agricultural production, especially during the drought period, will help stabilize the supply of both grain and cooking oil, he said, adding that prices of these products will remain stable.

Major farm produce prices have been dropping since the beginning of February, according to the ministry. During the week ending March 20, wholesale prices of 18 vegetables in 36 major cities fell 3.4 percent from the end of January. Retail prices of eggs went down by 3.0 percent.

China's consumer price index (CPI), a main gauge of inflation, rose 4.9 percent year-on-year in February the National Bureau of Statistics said earlier this month.

Specials

'Super moon'

The "Super Moon" arrives at its closest point to the Earth in 2011.

Radiation test

The probability of being exposed to a life-threatening level of radiation is quite slim.

Panic buying of salt

Worried Chinese shoppers stripped stores of salt on radiation fears.

Water & Luck
Self-made aircraft
Venetian Carnival