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Wysłany: Czw 14:35, 17 Mar 2011 Temat postu: Food to stay costly |
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Food to stay costly
The price of food including soybeans, corn, wheat, cotton, mung beans, ginger, garlic, ginseng, honeysuckle, cabbages, sugar, apples and soybean oil rose far beyond its real value last month, said analysts. According to Chen Shuzhen, a retailer at Xinfadi market, the largest trading hub for vegetables, fruit, meat and seeds in Beijing, the next necessity costing more is starchy flour, a kind of potato carbohydrate, which has gone up from 6 to 7 yuan (about $1) per kilogram to 20 yuan per kg.
Especially sea cucumber from the Bohai Sea, will also see price inflation, because the Chinese like to consume more nutrients as winter sets in. Others argue that products with the longest shelf life will undergo speculation, causing them to rise in price. The price of cabbage, the most-consumed vegetable in North China, has tripled month-on-month to 1.5 yuan per kg in big cites including Beijing and Shanghai following a reduction in production and a popular rumor that huge amounts will be exported to South Korea, where there is a shortage of pickles.
Wheat and rice have become so expensive on the Chinese mainland that many Shenzhen residents are traveling to Hong Kong to buy food, China's Nanfang Daily (Guangzhou) reported recently.
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