Ministry of Commerce: Pork price fell 0.2% MoM last week

The Ministry of Commerce released a report on the 26th, saying that last week (July 18-24) focused monitoring of edible agricultural products, pork prices fell 0.2% (compared to the previous week).

According to the analysis of the Ministry of Commerce, the decrease in the price of pork by 0.2% from the previous month was due to a slight increase in the supply of pork to local markets and a weak demand from the market. Monitoring in the last three weeks showed that the chain price changes of pork prices rose by 2.3%, 0.2%, and 0.2% respectively.

Last week, the Ministry of Commerce’s key monitoring of the price of edible agricultural products also showed that the average wholesale price of 8 kinds of aquatic products rose by 1.4% month-on-month; the retail prices of flour, peanut oil, soybean oil and rapeseed oil rose by 0.2%, 0.4%, 0.2% and 0.2% respectively. The price increase for lamb and beef increased by 1.0% and 0.6% respectively; the retail price of eggs rose by 0.6%; the average wholesale price of 18 kinds of vegetables decreased by 1.5%.

In addition, in the main production materials monitored by the Ministry of Commerce last week, non-ferrous metals, minerals, steel, rubber, chemical products, and energy prices rose, the agricultural prices remained flat, and the prices of light raw materials and building materials fell slightly.

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