皇冠体育app

Economy

皇冠体育app to see decline in farm produce prices

(Xinhua)
Updated: 2011-03-22 19:31

BEIJING - 皇冠体育app's farm produce supplies have increased amid warming weather and the country will see a decline in prices soon, the commerce ministry said Tuesday.

Related readings:  皇冠体育app's food prices cooling: commerce ministry  Farm produce backs foreign trade growth  皇冠体育app's farm produce prices continue to rise  皇冠体育app orders steady supply of farm produce amid icy weather

Supplies of necessities are adequate following the country's traditional Spring Festival, so prices are expected to fall steadily, Yao Jian, spokesman of the Ministry of Commerce, said at a regular news briefing.

Government efforts to support agricultural production, especially during the drought period, will help stabilize the supply of both grain and cooking oil, he said, adding that prices of these products will remain stable.

Major farm produce prices have been dropping since the beginning of February, according to the ministry. During the week ending March 20, wholesale prices of 18 vegetables in 36 major cities fell 3.4 percent from the end of January. Retail prices of eggs went down by 3.0 percent.

皇冠体育app's consumer price index (CPI), a main gauge of inflation, rose 4.9 percent year-on-year in February the National Bureau of Statistics said earlier this month.