Business
        

Economy

Farm produce prices rose last week on icy weather

Updated: 2011-01-11 13:38

(Xinhua)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

BEIJING - The prices of Chinese farm produce rose for a second consecutive week in the week ending January 9, pushed up by icy weather in South China, the Ministry of Commerce said Tuesday.

Freezing temperatures and icy rain affected vegetable production and transportation, driving the wholesale prices of 18 staple vegetables 6.2 percent higher, the ministry said in a statement posted on its website.

The prices of balsam pears, cucumbers and beans all rose by at least 10 percent last week.

Related readings:
Farm produce prices rose last week on icy weather China orders steady supply of farm produce amid icy weather
Farm produce prices rose last week on icy weather Top 10 farm produce with soaring prices
Farm produce prices rose last week on icy weather China's farm produce prices relatively stable last week: MOC
Farm produce prices rose last week on icy weather China's farm produce and materials prices continued to fall

As the Spring Festival draws near, demand for eggs and meat increased, pushing the price of pork and mutton 0.7 percent and 1.1 percent higher, respectively. Egg prices rose 0.4 percent.

Peanut oil prices increased 0.3 percent while soybean oil prices edged 0.2 percent higher. Colza oil prices rose 0.1 percent.

Food prices have a one-third weighting in the calculation of China's consumer price index (CPI), the major gauge of inflation. China's CPI hit a 28-month high of 5.1 percent in the year to November.

The price of producer goods also edged higher last week. The price of rubber increased 6.5 percent as international supply tightened.

The price of iron ore and copper ore rose 0.4 percent and 1.6 percent, respectively.

Specials

President Hu visits the US

President Hu Jintao is on a state visit to the US from Jan 18 to 21.

Ancient life

The discovery of the fossile of a female pterosaur nicknamed as Mrs T and her un-laid egg are shedding new light on ancient mysteries.

Economic Figures

China's GDP growth jumped 10.3 percent year-on-year in 2010, boosted by a faster-than-expected 9.8 percent expansion in the fourth quarter.

2011 postgraduate entrance exam
Pet businesses
Critics call for fraud case to be reopened