MOFCOM: Prices of Edible Agricultural Products Decline Slightly

Source: Ministry of Commerce, ChinaScope Financial (Data)

+       According to the data released by the Ministry of Commerce (MOFCOM) on July 18, prices of the key edible agricultural products decreased slightly between July 9 and 15, compared to last week. The wholesale prices of eight aquatic products dropped 0.4% from the previous week, marking three weeks of consecutive decline with a cumulative drop of 1.6%.

+       Last week, the wholesale prices of eighteen vegetable products fell 1.4% week-on-week but rose 6.1% year-on-year. The prices of radish, cabbage and Chinese cabbage declined 8.2%, 7% and 6.6%, respectively, compared to the previous week.

Increase in supply during the summer season has led to decreases in the price of aquatic products and vegetables in July. Compared to last year, prices have, however, increased.

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