01-05-2014 00:55 AM | China

China's farmers feel deflationary chill

For hungry consumers, food deflation is a blessing: for hungry farmers, a curse.

Many of China's hundreds of millions of farmers are feeling the squeeze of lower prices for a variety of produce, ranging from vegetables through pork to cooking oil. In March, food prices dipped 1.6 percent month on month. Prices of pork, vegetables and aquatic products fell 7.1 percent, 5.4 percent and 1.9 percent, respectively.

According to the Ministry of Commerce, farm produce prices in 36 major cities nationwide dropped further in the week ending April 27, the tenth straight week of decline.
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