Producer prices throughout China’s food sector rose steeply during the first half of the year, according to the latest government figures.
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Cereal prices rose 7.7%, wheat prices climbed 8%, the price of rice increased 5% and corn grew in price by 9.5% in the six months to the end of June, data from China’s National Bureau of Statistics showed.
The jump in producer prices comes as the Chinese economy deals with high inflation, which, when measured by the consumer price index, rose 7.9% between January and June.
The largest increase in food crop price gains was seen in the price received for beans, which jumped 36.3%.
Animal-based food products saw stronger increases still: pork climbed 54.9%; beef rose 34.4%; while poultry was up 16.4%. The price received for eggs jumped 14.4% and dairy prices gained 34%.
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By GlobalDataOverall Chinese dairy production was also up, the Bureau of Statistics indicated. Between January and June 9.52m tonnes of dairy goods were produced, up 13.2% year-on-year.
