China's vegetable prices hit 10-year high

Recent reports from the Ministry of Agriculture and Rural Affairs in China indicate a significant increase in the prices of vegetables, with the weekly price reaching 4.91 yuan/kg, the highest in the past ten years. This increase, which is a 40.7% rise from the previous period, is attributed to a combination of seasonal supply and demand fluctuations and the impact of extreme weather on vegetable production. The high prices have led to heated discussions among netizens, with concerns about the impact on people's livelihoods and the state of the economy. Discussions have highlighted issues such as the role of middlemen and retailers in the vegetable market, the lack of adequate wages, and the challenges faced by farmers in selling their produce.

[Epoch Times August 17, 2024] (Epoch Times reporter Liu Yi reported) Vegetable prices in various parts of China have been rising recently, and the weekly price once reached 4.91 yuan (RMB, the same below)/kg, the highest value in the same period in the past ten years. The news triggered heated discussions among netizens and was on Baidu's hot search on August 17. According to the national wholesale price data of 28 kinds of vegetables monitored by the Ministry of Agriculture and Rural Affairs of the Communist Party of China, from June 16 to August 15, China's daily vegetable prices rose from 4.27 yuan/kg to 6.01 yuan/kg, an increase of 40.7%. From the weekly price point of view, the price of vegetables reached 4.91 yuan/kg in the 30th week of this year (July 22 to 28), the highest value in the same period in the past 10 years. The Chinese self-media "clumsy unknown 123" reported on August 17 that data from Beijing Xinfadi Agricultural and Sideline Products Wholesale Market showed ...