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China: Vegetable supply looking optimistic
At the beginning of the year, the middle east of China suffered heavy rain and snow. The following cold waves of the Yellow River in the south have affected the vegetable production and supply. According to a market report of the Ministry of Agriculture, the heavy snow in the south has led to an increase in the vegetable prices in Hubei and Anhui. The prices after the snow were respectively 4.07 yuan and 3.97 yuan per kilogram, which are increases of 7.6% and 5.8%. The vegetable prices of other regions, such as Jiangxi and Hunan, remain stable.
There are quite a large variety of vegetables being sold in the north of China. On the Beijing market, for example, Anhui yellow cabbages and Chinese lettuce, Jiangsu cauliflower, and Hubei white radishes and white cabbages have all seen a dramatic price increase. For winter vegetables, such as Chinese cabbages, onions and potatoes, however, there is a large supply, so their prices are stable.
Based on these recent trends, it is estimated that the affected production regions will need more time to recover, and that the vegetable prices will remain high. If there is no more widespread extreme weather, the vegetable supply will gradually improve and, around the Chinese New Year, the prices will rise once more.
Source: Guang Ming Daily
Publication date: 1/24/2018
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