China's produce price growth has slowed down: MOC

09:48, July 13, 2011      

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Price increases for produce grown in China slowed down last week, the Ministry of Commerce (MOC) said on Tuesday.

Pork prices went up 2.3 percent between July 4 and 10, down 1.1 percentage points from the previous week's level, according to the MOC. The price of chicken was up 0.7 percent, while that of beef was down 0.1 percent, the MOC said.

Prices of flour and rice both climbed 0.4 percent from the previous week, according to the MOC. Colza oil prices went up 0.6 percent and peanut oil prices gained 0.4 percent, while soybean oil prices rose 0.6 percent, the MOC said.

Egg prices gained 0.3 percent week-on-week after a recent supply shortage, the MOC said.

The prices of 18 staple vegetables and eight aquatic products were relatively stable in comparison to the previous week, according to the MOC.

The ministry expects prices for aquatic products to remain stable, with a fishing ban in the Yangtze River being lifted at the end of June and an increase in the available supply of frozen marine products.

Prices of minerals, non-ferrous metals, rubber and construction materials were up during the same period, while prices light industrial raw materials and agricultural materials fell, according to the MOC.

China's consumer price index (CPI), the main gauge of inflation, rose 6.4 percent year-on-year in June, reaching its highest level since June 2008.

Source: Xinhua
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