National vegetable prices continue to rise

The National Bureau of Statistics announced on the 24th that the average price changes of major foods in 50 cities (November 21-30) showed that among the 27 kinds of food prices monitored, there were 7 kinds of price drop and 10 kinds of increase. The price of vegetables has continued its upward trend and the gains are significant. The price of pork has risen for two consecutive weeks and the price of eggs has remained firm.

Ma Wenfeng, a researcher at Beijing Oriental AIG Consulting Co., Ltd., said that the increase in vegetable prices was mainly related to the transfer of many vegetables to greenhouse production. As the weather turned cold, many vegetables could not be planted in the open air, and they had to be transferred to greenhouses for production. The production cost was significantly increased. The volume has also declined, causing the recent vegetable prices to continue to rise.

In addition, the price of pork has risen for two weeks in a row. The prices of pork belly and hind shank (hind leg) have risen by 0.7% and 0.4% respectively; the price of eggs has also continued to rise; the price has risen by 1.3%; the price of flour and soy products has remained stable. However, the increase did not exceed 0.5%, and the edible oil prices remained stable. “At present, the domestic live pig population has declined for several consecutive months, and pork supply has begun to be affected, pushing up pork prices; the supply of eggs is basically sufficient, and the price increase is mainly affected by rising feed and labor costs.” In Ma Wenfeng’s view, the recovery of the economy As the weather turns cold, future prices will remain at levels above 2%, and inflationary pressures cannot be ignored.