Before the china development network, shandong province talked about the strengthening of market price inspections in urban social credit and price centres, and on june 18, the average price of the 42 main food and vegetable stores, which were focused on food and oil items, showed a pattern of “5 litres at 18 par 19” compared to the previous monitoring day (11 june). Compared to 11 june, food and oil prices are stable today, with a slight drop in egg prices and a marked decline in vegetable prices。
Prices of food and oil are stable. According to monitoring, five kilograms of multi-purpose wheat pellets of $24. 19/bags, five litres of groundnut oil of $151. 70/barrel, 2. 85/500 grams of noodles and 5. 50/500 grams of millimetres were sold on 18 june, all at a level equal to 11 june。
Prices declined slightly. The prices monitored on 18 june for lean meat and five flowers were $11. 91/500 and 11. 55/500 respectively, a decrease of 1. 08 per cent and 1. 1 per cent, respectively, compared with 11 june; and $9. 18 for post-bone leg meat, which was the same as 11 june. The small fall in prices this week is due to large amounts of raw pigs and sufficient supplies, and to weak demand and lack of support for rising prices。
Egg prices have fallen slightly. In the recent past, egg prices have declined slightly as a result of multiple factors such as the end of the midday supply, the onset of the summer off season and high temperatures limiting stock-taking. The price of eggs monitored on 18 june was $5. 22/500, a decrease of 1. 14 per cent from 11 june。
Average vegetable prices have fallen significantly. A combination of multiple factors influenced by supply-side concentration, demand-side weakening and circulation-end pacing adjustments led to a seasonal fall in vegetable prices this week and a marked decline in overall prices. The average price of 17 vegetables monitored on 18 june was 1. 92 yuan/500 g, a 5. 42 per cent decrease from the average price on 11 june and an overall “3 litres per square 13”. The price of bellies, cabbage and carrots increased significantly, at $1. 74/500, 0. 93/500 and 1. 02/500, respectively, representing an increase of 9. 43 per cent, 4. 49 per cent and 3. 03 per cent, respectively, over the average price on 11 june. Cheese, cucumbers and potatoes decreased significantly at 1. 67/500, 1. 24/500 and 1. 43/500, respectively, representing a decrease of 30. 99 per cent, 23. 46 per cent and 10. 63 per cent, respectively, compared with the average price on 11 june。
