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Experts forecast elevated prices up to Spring Festival

Prices of vegetables up steeply all over China

Vegetable prices in many parts of China have been surging recently, with several products' prices rising by more than 20 percent, and some goods even doubling in price.  The steep rises are mainly due to the excessive rainfall in many parts of China from July to October, and the elevated prices could remain a thing until the Chinese Spring Festival.

The average price of green Chinese onion was put at 3.25 yuan per 500 grams on Saturday, up 25 percent in three days. Data from China's Ministry of Agriculture and Rural Affairs shows that the average price of 28 kinds of stable vegetables reached 5.68 yuan per kilogram, up 2.7 percent from Thursday, with cabbage, green pepper, bean, green onion and eggplant topping the list of price rises.

The Shouguang vegetable price index showed that the daily fixed base price index of vegetables on Friday rose to 140.43 points, up 41.72 percent year-on-year and 44.92 percent month-on-month.

Source: globaltimes.cn


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