China's major fresh farm produce prices dropped in May

The prices of China's major fresh farm produce decreased in May. According to the Ministry of Agriculture and Rural Affairs, vegetable and pork prices were leading the monthly drop.

The average wholesale price of 28 vegetables monitored by the ministry posted seasonal decline, falling 12 percent month on month, and down 5.1 percent from the same period of last year, data from the ministry showed.

Fruit price rose in May from April, with the average wholesale price of six key fruits tracked by the ministry growing 5.9 percent. But the price dropped by 16.3 percent year on year.

The average retail price of eggs decreased for the seventh consecutive month in May, seeing a cumulative decline of 31.6 percent in the seven months, as production capacity remained high while market demand was lower than last year.

Source: xinhuanet.com


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