Frbiz Reports on Continued Rise in China's Agricultural Product Prices

Jun 12, 2010, 10:00 ET from

BEIJING, June 12 /PRNewswire-Asia/ --, one of China's leading B2B search platforms, reports on expected rises in agricultural product prices.

The first quarter was affected by weather, which drove up agriculture prices. The current state is one where vegetables and other agricultural product prices are falling. But in the long run, market prices will increase, especially during China's typhoon season.

The new price increases are caused by a number of factors. The main cause is China's recent laws regarding housing prices. However, from May it seems that the current prices have seen an easing trend, mainly because, as the weather improves, some seasonal products are becoming more readily available. Vegetables prices in May fell 9.8%.

Supplies are also tight, and hoarding can be noted as another significant cause of rising vegetable prices this year.

Weather is a major factor in rising prices. Harsh weather is not conducive to vegetable growth. The cold weather in northern China lasted longer this year with ice, hail, and frequent storms; southwest China's drought delayed the planting and harvest seasons.

In addition, in the production sector, the cost of land, seeds, fertilizers, pesticides, and labor are all higher than the same period of last year; the increase in circulation costs was mainly noted in increases to transportation, labor, packaging, and cold storage costs.

Weather conditions are improving, and coupled with the harvest season and supply increases, prices will go down; however, this year's production volume decreased three percent compared to last year. The cost of fertilizer and seeds are rising, and are already higher than the same period last year. The situation is as follows: there is no expected surge for prices again, and the overall trend is a gradual rise in prices.

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