China’s agricultural product wholesale prices edge down

The wholesale prices of China’s agricultural products edged down Tuesday, according to the Ministry of Agriculture and Rural Affairs.

The latest China agricultural product wholesale price index came in at 118.27, down 0.04 points from the previous working day.

By 2 p.m. Tuesday, the average wholesale price of pork, a staple meat in China, stood at 39.75 yuan (about 5.93 U.S. dollars) per kg, basically unchanged from Monday and that of eggs rose 0.5 percent to 7.79 yuan per kg.

The average wholesale prices of 28 key types of vegetables went up 0.7 percent while that of six different types of fruits remained basically unchanged.

The wholesale price index is compiled on the basis of data collected from around 200 agricultural wholesale markets and is updated daily based on the weighted average of price indices for goods including vegetables, fruits, aquatic products, livestock products, cereals and edible vegetable oil.

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