China is experiencing a significant surge in vegetable prices this summer, with official data revealing a nearly 40% increase. High temperatures and frequent rainfall have been cited by analysts as the primary drivers behind this inflation, impacting both production and supply across the country.
According to the Ministry of Agriculture and Rural Affairs, the average wholesale price for 28 types of vegetables rose from 4.29 yuan (approximately $0.60) to 6 yuan per kilogram between June 17 and August 15. This 39.9% increase within just two months has placed pressure on consumers and raised concerns about the stability of food prices.
“Vegetable prices generally start to rise from mid-June and reach their peak in early September,” explained Kong Fantao, deputy head of the Institute of Agricultural Economics and Development at the Chinese Academy of Agricultural Sciences (CAAS). “High temperatures during the summer are unfavorable for vegetable growth, resulting in inadequate market supply.”
This year, above-average rainfall has compounded the issue. Several regions, including Hunan, Shandong, Sichuan, and Anhui provinces, have been affected by heavy rains, thunderstorms, and strong convective weather. These conditions have led to a decline in vegetable production as fields become waterlogged and crops are damaged.
Moreover, excessive rainfall has caused muddy and damaged roads in agricultural areas, hindering the harvest and transportation of vegetables. The logistical challenges have further strained the market supply, leading to noticeable price hikes for certain vegetables.
Analysts note that while weather-related factors typically influence vegetable prices during the summer months, this year’s combination of heat and heavy rainfall has intensified the impact. Consumers and businesses alike are feeling the effects as the market adjusts to these challenges.
As September approaches, there is cautious optimism that prices may begin to stabilize. Historically, vegetable prices tend to enter a downward trend after peaking in early September. However, much will depend on weather conditions and the ability of producers and distributors to navigate the current obstacles.
Reference(s):
High temperatures, frequent rainfall fuel vegetable price surge
cgtn.com
