China's agricultural product wholesale prices edge up

BEIJING - The wholesale prices of China's agricultural products edged up Friday, according to the Ministry of Agriculture and Rural Affairs.

The latest China agricultural product wholesale price index came in at 122.57, up 0.07 points from Thursday.

By 2 pm Friday, the average wholesale price of pork, a staple meat in China, shrank 1.1 percent to 47.95 yuan ($7.01) per kg, and that of eggs rose 0.4 percent to 8.19 yuan per kg.

The average wholesale price of 28 key types of vegetables tracked by the government shrank 1.4 percent, and that of six different types of fruits declined 0.8 percent.

The wholesale price index is compiled on the basis of data collected from around 200 agricultural wholesale markets and is updated daily based on the weighted average of price indices for goods including vegetables, fruit, aquatic products, livestock products, cereals and edible vegetable oil.