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China: low priced ag products difficult to sell

In Shandong, Liaoning, Shaanxi, Guangxi and other places, some low priced fruit and vegetables are selling badly. The price of Chinese cabbage, apples, bananas, pears, and other varieties have declined by 3 to 4%. The income of farmers in the related areas dropped substantially. The extent of "the lowest priced is the hardest sell" is broadened when it comes to this years agricultural products.

Good climate conditions are a reason some low priced products are difficult to sell this year. The output of a lot of farmers increased, but at the same time the pressure on China's economy got heavier and exports decreased. The consumption of some agricultural products is in a depression.

Source: Economic Consultation Paper


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