Himfr Reports Food Prices Rise in Snowstorm

Jan 07, 2010, 10:00 ET from Himfr.com

BEIJING, Jan. 7 /PRNewswire-Asia/ -- Himfr.com, one of China's leading B2B search platforms with more than 30 B2B industry websites to its name, reports food prices rise in the snowstorm

On January 3rd, a snowstorm attacked Beijing, and affected by heavy snow, the temperature reached a low point of -15 degrees Celsius.

With the snow and cold, the prices of vegetables and food, including Chinese cabbage, white radish, cucumber, eggplant rose more than 30% from before the snowfall.

Entering 2010, inflation expectations are suddenly amplified. After all, not only are food price rising, prices of industrial products are rising as well.

Affected by the impact of low winter temperatures, the prices of agricultural products have risen the most sharply.

More concern are food prices. According to Himfr's latest statistics, in October 2009 the wholesale price of China's rice rose 9% year-on-year, in November 2009 China's wheat prices rose 10.9% year-on-year, and the average wholesale price of corn rose 11.6% year-on-year.

Pork prices also rose. The price of pig meat and belly pork began to rise in mid-November 2009, and since then prices have risen 4.8% and 5.5% respectively. As for beef, mutton, fish, fruit, meat, eggs, milk and other agricultural products, prices are also rising.

In 2009, commodity prices have returned to pre-crisis levels. As of the end of 2009, according to Himfr's statistics, the international price of copper had risen by 150.84 percent, natural rubber by 120.51 percent, zinc by 110.81%, sugar by 95.68 percent, plastics by 72.55 percent, fuel oil by 70 percent, PTA by 55.67 percent, aluminum by 49.37 percent, palm oil by 45.47 percent, and cotton by 40.59 percent. The prices of these products increased even more than the prices of agricultural products.

About Himfr.com

Himfr.com is a promising e-commerce company and a leading vertical search engine company in China. Himfr.com offers a variety of high quality products such as printing screens (http://www.himfr.com/buy-printing_screen/ ), 17-inch LCD monitors (http://www.himfr.com/buy-monitor_17_lcd/ ), anti-aging products (http://www.himfr.com/buy-antiaging/ ) and many more.

    For more information, please contact:

     Tel:   +86-10-6556-9770
     Email: my@himfr.com

SOURCE Himfr.com