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Farm produce prices up

(Xinhua)

08:10, May 03, 2012

China's farm produce prices mostly rebounded last week, ending a five-consecutive-week downward trend as persistent rainfall limited market supplies, new data showed yesterday.

The wholesale price of 18 types of vegetables rose 2.4 percent during the week ending April 29, with prices of white radishes, rapes and tomatoes up 14.4, 11.8 and 9.8 percent respectively, the Ministry of Commerce said in a statement on its website.

However, pork and eggs prices continued to decline. Pork went down 0.1 percent week-on-week and 14.1 percent cumulatively since late January, while eggs dropped 0.5 percent last week and 8.9 percent cumulatively since the beginning of the year.

Food prices have a one-third weighting in the calculation of China's consumer price index, the major gauge of inflation.

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