Authorities to Implement Measures to Control Vegetable Prices
Chinese authorities are moving to find ways to control the soaring vegetables prices that are being fueled by shortages in the supply along with the cold weather. The National Development and Reform Commission are studying ways that will help reduce the circulation costs and have already started to use price regulation funds to stabilize prices.
The Ministry of Commerce have also asked local commerce authorities to release the government reserve of produce in a timely manner that also add to the efforts that help promote link between the production and sales. Also agricultural departments are urged to provide forecasts and to warn is there re any changes in the market plus to step up efforts in cracking down hoarders.
Since the end of November, temperature in china dropped and has experienced its lowest temperature in 28 years which increased the prices of the nation’s vegetables sharply which in turn triggered an outcry.
Records showed that the average wholesale prices for vegetables rose 3.65 yuan per kilogram in December showing an increase of 22 percent compared to November and 35 percent from October.