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在线翻译:
szdaily -> Business_Markets -> 
Rise in vegetable prices ‘normal’
    2018-08-29  08:53    Shenzhen Daily

RECENT vegetable price increases are due to seasonal fluctuations and are not the result of flooding at a major vegetable growing region in eastern China, the country’s Ministry of Agriculture and Rural Affairs said yesterday.

The statement was issued to address the rising vegetable prices and comes at a time when inflation in China has moved somewhat higher over the past two months.

The flooding in the city of Shouguang in the eastern province of Shandong will not push up national vegetable prices significantly as output there is small during the summer, the statement said, quoting Tang Ke, the director of the ministry’s market and economy information department.

The region around the city produces about 0.5 percent of China’s vegetables, according to media calculations based on output data from the National Bureau of Statistics (NBS) and the Shouguang statistic bureau.

The average wholesale prices of 28 vegetables, including carrots, spinach and eggplants, among others, were at 4.19 yuan (US$0.61) per kilogram last week, up 11.7 percent from the first week of August, according to ministry data.

Last week’s prices were up 10.8 percent from a year earlier, and are 9.1 percent higher than the five-year average, the ministry said.

Shouguang was hit by heavy rains and flooding earlier this month.

China’s vegetables prices were usually high in July and August and increases this year were due to flooding and natural disasters in major production areas earlier, which had a bigger impact on the growth, harvest and transportation of vegetables, the statement said.

Vegetable prices are expected to stabilize and fall later this year as supplies will recover. But prices of eggplants and peppers might rise in late September and early October, as the Shouguang flooding impacted greenhouses where the two plants are grown, Tang said.

China’s higher inflation this year will not present a big problem, Ning Jizhe, vice chairman of the National Development Reform Commission (NDRC), said Monday.

Consumer price inflation was running at 2.1 percent year on year in July. Price pressures on some food items due in part to China’s trade dispute with the United States has sparked some concern.(SD-Agencies)

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