The Shouguang City Price Index Surveillance Center announced that the vegetable price index increased between March 11th and 17th, 2019.
Director of the center, analyst Sui Yumei, explained the three reasons for the rising price index last week:
1. The vegetable market supply mainly comes from south China, where the weather has recently been rainy and overcast. The weather conditions have a negative impact on the production volume and transport cost. The purchase price, labor cost, and transport cost all increased, so the overall price went up as well.
2. The storage volume of vegetables (such as chayote or sweet potatoes) shrinks as the temperature rises. The supply of winter vegetables from south China (such as bok choy, beans, and celery) also approach the end of their production season. Market supply is shrinking, and does not satisfy consumer demand, which in turn pushes the overall vegetable price higher.
3. Greenhouse spring vegetables enter the market, but their cost price is high and the product quality is excellent, which makes them both popular with consumers and expensive.
According to Sui Yumei, the price index will remain high in the near future.
Source: dzrb.dzwww.com