China: Adequate supply, prices of vegetables and fruits have stabilized and declined

Published 2021년 12월 21일

Tridge summary

The article highlights the stable and slightly declining prices of vegetables and fruits in China, which is attributed to an increase in domestic production and ample supply, including imported fruits. The decrease in apple prices is particularly notable due to factors such as increased planting area, competition from other fruits, and imported fruits. The steady decline in vegetable prices is also linked to adequate supply and favorable weather conditions. Industry experts believe that the inflation risks for next year are unlikely, predicting a moderate year-on-year increase in the Consumer Price Index (CPI) growth rate in 2022, with a central estimate of around 1.9%, taking into account the moderating influences of bulk commodity prices and the expectation of gradual energy price declines.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Original Title: Adequate Supply, Prices of Vegetables and Fruits Stable and Decline Reporter Zhou Lulu Li Li A reporter from China Securities News found that most of the prices of vegetables and fruits on the market are relatively “friendly to the people”, and the prices of some vegetables and fruits have fallen steadily. This is related to the increase in domestic orchard planting area and the increase in the number of vegetables and fruits on the market. Here Against this background, industry insiders said that the CPI growth rate is difficult to continue to rise, and the possibility of inflation risks next year is unlikely. Prices have dropped significantly According to the “National Agricultural Products Wholesale Market Price Information System” monitored by the Ministry of Agriculture and Rural Affairs, the prices of Fuji apples, bananas, and pineapples have fallen mainly since November. Recently, the prices of rape, cauliflower, spinach, celery and cucumber have fallen more ...
Source: Chinaeconomy

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