China Shouguang vegetable prices up 9 pct in past week

0 Comment(s)Print E-mail Xinhua, August 20, 2019
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JINAN, Aug. 20 (Xinhua) -- The weekly China Shouguang vegetable price index rose 9.1 percent week on week to 117.43 points in the week ending Sunday.

The price rises came after rainstorms brought by Typhoon Lekima caused damages in several major vegetable production areas and thus raised vegetable procurement costs.

Meanwhile, the rain eased the summer heat, thus boosting the distributors' demand for vegetables to drive up the prices.

Among all the 10 vegetable varieties covered by the index, seven saw rises in the sub-readings. Sub-indices for two remained flat and only one fell.

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 a more timely and accurate reference for vegetable growers and traders. Enditem

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