Vegetables are more expensive than meat and Chinese spinach rose as high as 157%

Published Oct 28, 2021

Tridge summary

Recent reports have highlighted a startling situation in China, where the cost of vegetables has seen a significant increase, in some cases surpassing meat prices. This surge, with spinach prices rising by 157% and cauliflower by nearly 50% over the past month, is attributed to a combination of factors including water damage to crop areas from heavy rainfall, increased coal prices impacting greenhouse agriculture, and the effects of power shortages and epidemic controls. The Ministry of Agriculture has responded by advising against hoarding and is working to ensure a stable supply. This situation is part of a broader issue of rising food prices and supply challenges, with pork prices fluctuating due to oversupply and specific market conditions.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

[Epoch Times October 28, 2021] (Reported by Epoch Times reporters Lai Yiqing, Winnie, and Wang Jiayi) China’s vegetable prices have soared in recent weeks, and there has been a weird phenomenon that "vegetables are more expensive than meat". The price of cauliflower is within 4 weeks. The domestic price rose by nearly 50%, and the spinach rose by 157%. This situation has plagued consumers who have been suffering from power shortages and zero-clearing and epidemic prevention restrictions. The Ministry of Agriculture of the Communist Party of China also hurriedly urged not to stock vegetables. Bloomberg reported on Thursday (October 28) that according to the latest data from the Ministry of Commerce of the Communist Party of China, in the four weeks ending on the 22nd of this month, vegetable wholesale prices rose 28%, the highest level since February this year. China's main crop planting areas this year Damaged by heavy rains, soaring coal prices also pushed up the cost of ...

Source: Epochtimes