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Economy

China Shouguang vegetable prices up in past week

1
2019-10-01 18:26:34Xinhua Editor : Mo Hong'e ECNS App Download

The weekly China Shouguang vegetable price index rose 2.6 percent week on week to 93.58 points in the week ending Sunday.

The increase was partly attributed to a temporary shortage of supply from other northern regions and a slight increase in demand with the arrival of National Day holiday.

Among all the 10 vegetable varieties covered by the index, four categories saw increase in the sub-reading. Sub-indices for five others dropped.

The closely-watched vegetable price index was published by the city of Shouguang in Shandong, China's major vegetable production base and vegetable distribution and price-setting center.

The index was approved by the Ministry of Commerce in 2010 and first published on April 20, 2011 to offer more timely and accurate reference for vegetable growers and traders. Enditem

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