Sino-report
Home Sign in Research report Data Center Industry News Custom Research About us
Research report:                          Automotive  |  Electronics  |  Mechanical&Automation  |  New Energy  |  Medical  |  Advanced Materials  |  Building Products  |  Transportation  |  Communication  |  Chemical  |  Finance  |  IT Industry  |  Food  |  Home Appliances  |  Forestry  |  Agriculture  |  Textile  |  Culture Industry  |  Consumer goods  |  Others  |
 Home > Industry News > Agriculture > Text
China vegetable prices make farmers great loss
Author:Chenli    Source:en.21cbh.com    Number of clicks :     Update time:2011-05-02 23:23
Chinese Farmers Suffer from Collapse in Vegetable Prices and chinese government need to take measures.

April 25, Farmers across China are suffering from unmarketable vegetables since the arrival of spring, hurt by an increase in output following speculation last year’s surge in demand would continue in 2011.

Last week, the average price of 19 kinds of vegetables in 286 wholesale markets nationwide was RMB 2.66 per kilogram, down 11.4% from the previous week, according to data from the Ministry of Agriculture.

Many farmers blamed oversupply as the main reason for the poor market. Due to climate factors, leaf vegetables from northern and southern China came onto the market almost at the same time, making the supply much higher than last year.

Speculators also played a major role in the price collapse, as they dumped vegetables that they had been hoarding onto the market.

Vegetables that have fallen the most in price since the beginning of this year are mostly species held by speculators, many of whom are starting to dump vegetables that are about to rot to avoid further losses.

Cabbage is a typical example. On the market at a relatively high price of RMB 2 per kilogram last year, the price has fallen to RMB 0.1 per kilogram.

Last autumn during the height of South Korea's kimchi crisis, a number of Chinese agricultural speculators horded vast quantities of cabbage in cold storage warehouses and waited for prices to pick up.

The problem of oversupply was magnified when those hoarders had to move the winter cabbages out of the warehouses and spring cabbages ripened early due to a warmer climate in the north, forcing cabbage stockpiles up.

Some farmers blamed vegetable dealers for aggravating the situation. They said they did not have much say in the prices and the vegetables were sold at prices many times higher than what the dealers had offered them.

"Vegetables cannot remain fresh for long. They are worthless when left behind by the dealers' trucks," said farmer Han Daokun.

"It was vegetable agents plus high logistics and labor costs that resulted in high prices at the consumption end," said Yu Maijian, a worker at a Qingdao vegetable wholesale market in Shandong Province.

Distribution is the key to the problem. Each link in the distribution chain will increase the price by 10%-15% and there are many links, according to Ling Donghua, research fellow at the Shandong Academy of Social Sciences.

Chinese government authorities have stepped in to help the farmers and deal with the vegetable oversupply.

Some supermarkets, schools and company canteens are on a buying spree in east China's Shandong province as the government urged them to help relieve farmers from a glut of vegetables.

Municipal authorities should take immediate action to "help farmers tackle difficulties in selling their produce and maintain a stable market," said a notice from Shandong's commerce department released on April 22.

The Ministry of Commerce (MOFCOM) and the Ministry of Agriculture have also issued a notice to ask local authorities to take immediate action to "help farmers tackle difficulties in selling their produce and maintain a stable market".

Local commerce and agricultural departments should establish a demand-supply information platform for farmers, the MOFCOM announced on April 22.

Order Online
Contact Us
Tel: 400-988-9999
Fax:010-82889999
Phone :+8615313587056
Email:Sale@sino-report.com
Email:Cousult@sino-report.com
Online Consultation
MSN :Sino-report@hotmail.com
MSN :Sino-report@foxmail.com
Skype: Please Please
Latest Reports
  More>>
[Agriculture] Soybean farmers store crops amid hopes of higher prices
[Agriculture] Northwest A&F University establishes agriculture partnerships
[Agriculture] China to make agriculture sector greener
[Agriculture] China smart agricultural technology grows in UAE
[Agriculture] Seawater hybrid rice expected to be planted around China by 2020
Popular reports
  More>>
Soybean farmers store crops amid hopes of higher prices
China smart agricultural technology grows in UAE
Industry Data
  More>>
China opens market to Kenya's agricultural products
China's publishing industry booming over past 40 years
Industrial Production Operation in July 2018
Total Retail Sales of Consumer Goods in July 2018
National Real Estate Development and Sales in the First Seven Months of 2018
NSDP/SDDS for the People's Republic of China
Market Price of Important Means of Production in Circulation, July 01-10, 2018
In the first five months of 2018, the profits made by industrial enterprises above the designated siz
Purchasing Managers Index for June 2018
Market Price of Important Means of Production in Circulation, June 21-30, 2018
In global EV battery shipments during Jan - Apr 2018, LG Chem and Samsung SDI ranked 4th and 6th
Based on Jan - Apr shipment record, Kia Motors Remain on Top 10 in Global PHEV Power Brands Ranking
Consumer Prices for May 2018
Producer Prices for the Industrial Sector for May 2018
Industrial Production Operation in May 2018
Investment in Fixed Assets for the First Five Months of 2018
National Real Estate Development and Sales in the First Five months of 2018
Producer Prices for the Industrial Sector for April 2018
Stable Performance for the National Economy in April
Total Retail Sales of Consumer Goods in April 2018
Industrial Production Operation in April 2018
National Real Estate Development and Sales in the First four months of 2018
Sales Prices of Residential Buildings in 70 Medium and Large-sized Cities in April 2018
Industrial Profits Increased in the First Four Months of 2018
Industry News
  More>>
Iron and steel sector gains strength
China’s wines take center stage
Machinery manufacturing fair boosts Sino-Russian ties
Medical device manufacturers display their latest technology
Soybean farmers store crops amid hopes of higher prices
Tourism industry opening on agenda
Tech competition eases startups' access to China market
China's excavator sales grow 44.9% in October
China's solid waste imports continue to slump on tightened ban
Delivery orders jump 25.12% to 1.35b on Singles Day
Related Links
Soybean farmers store crops amid hopes of higher prices
Rice plant area will be raised in China this year
Pork price rising quickly cause the following CPI rise
Prices for Chinese farm produce went up slightly
China's farm produce prices fall last week

Sitemap       |       Join Us      |       Customer Service       |       About Sino-report
Copyright © 2011-2025 Sino-report Consult Inc.
Sino-report@hotmail.com    Postmaster@sino-report.com
No.18 Zhichun Road, Haidian District. Beijing 100089.China
Information and data contained in this site is for reference only pursuant to operate your own risk
Sino-report