China's agricultural product wholesale prices edge up

BEIJING - The wholesale prices of China's agricultural products registered a slight uptick Monday, according to the Ministry of Agriculture and Rural Affairs.

The latest China agricultural product wholesale price index came in at 116.15, up 0.12 points from Friday.

By 2 pm Monday, the average wholesale price of pork, a staple meat in China, rose 1.7 percent to 48.84 yuan (about $6.98) per kg, while eggs gained 1.9 percent to 6.44 yuan per kg.

The average wholesale price of 28 key types of vegetables tracked by the government was down 0.7 percent from Friday, while six different types of fruits saw average price up by 0.9 percent.

The wholesale price index is compiled from 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.