China: Vegetable prices lower than in previous years, despite increase prior to Chinese Spring Festival

The prices of fresh, agricultural products usually reach a peak prior to Chinese Spring Festival [February 5th, 2019]. The vegetable prices in the Xinfadi Market have shown an obvious increase in the last two weeks, but they are still in a lower position than they have been in recent years.

The reason for the continuous price increase in the last fortnight is the approaching "Chinese New Year". Low prices begin to rise and high prices reach even higher. This is the effect of the festival spirit.

There is still room for vegetable prices to go up, but since supply is sufficient, the prices are not likely to increase to the same degree as in previous years.

Source: Beijing News

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