CHINA - Meat and poultry prices have risen by more than 27% in the last year. The cost of meat and poultry in June was 27.3% higher than the same month in 2007. Edible oils, grains and vegetables were up by 43%, 8.7% and 8.3%, respectively.
For the first half of the year and after adjusting for inflation, average disposable income in urban areas has risen by 6.3% to 8,065 yuan (CNY) and average personal expenditure by 5.7% to CNY 5,490.
The official report continues that the growing and economically powerful middle classes are beginning to be concerned about the trend towards rising food prices.
ThePoultrySite News Desk
For the first half of the year and after adjusting for inflation, average disposable income in urban areas has risen by 6.3% to 8,065 yuan (CNY) and average personal expenditure by 5.7% to CNY 5,490.
The official report continues that the growing and economically powerful middle classes are beginning to be concerned about the trend towards rising food prices.
ThePoultrySite News Desk
