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August 26, 2009

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Prices of vegetables all set to drop again

THE city's high vegetable prices brought about by the fallout from Typhoon Marakot are expected to drop with the first batch of new green-leaf supplies entering markets today.

Prices of green-leaf vegetables have plunged by about 20 percent, according to the Shanghai Vegetable Group.

For example, the price of a kilogram of jimaocai, a green-leaf vegetable, has dropped by 23 percent from 8.27 yuan (US$1.21) on August 13 to 6.37 yuan last week.

Storms as a result of the typhoon in early August reduced the output of vegetables and caused the price of green-leaf vegetables to rise by almost 100 percent.

Farmers in the suburban area were asked to grow more vegetables to guarantee supplies and keep prices stable after the storms hit.

The farmers complied and the cheaper "fruits" of their labors are reaching markets.


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