China: One catty of spinach is worth two catties of pork; the more needed to stabilize vegetable market

Published 2021년 10월 27일

Tridge summary

The article explains the recent significant rise in vegetable prices, particularly leafy vegetables, in China, outpacing pork prices. This surge is attributed to a combination of factors, including a temporary vegetable supply slowdown due to lower pork prices leading to reduced vegetable production and adverse weather conditions. The resultant imbalance has led to increased demand for vegetables, driving prices up by 11.6% in a week and 27.4% year-on-year. The government is considering measures to address this, such as reorganizing the vegetable basket project, establishing a multi-level meat dish market supply system, promoting agricultural e-commerce, and developing cold chain logistics to lower vegetable discount rates and reduce waste. It is expected that with the recovery of production capacity in key vegetable areas, prices should stabilize.

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

Original content

"One catty of spinach is worth two catties of pork" needs to hold the vegetable basket even more With the help of technology and policies, improve the vegetable basket project, especially reform the vegetable circulation mechanism, and provide policy convenience for vegetable farmers to directly enter the market. The monitoring data of the “National Agricultural Products Wholesale Market Price Information System” of the Ministry of Agriculture and Rural Affairs showed that from October 15 to October 22, the wholesale price of pork was 19.73 yuan per kilogram. At the same stage, the average price of 19 vegetables in 286 wholesale markets across the country was 4.87 Yuan per kilogram, an increase of 11.6% over the previous week and a year-on-year increase of 27.4%. Among them, the prices of cauliflower, eggplant, spinach, beans and celery increased more than the previous month. There are reports that in the same supermarket, a catty of spinach can be paid for. Buying two catties of ...

Source: Chinaeconomy