Coronavirus, power crisis send China vegetable prices soaring, but inflation risks set to be temporary

Source: China – South China Morning PostVegetable prices have soared in China in recent weeks, costing more than meat in some cases, and creating another headache for consumers already hit by power shortages and strict coronavirus curbs.Wholesale vegetable prices surged 28 per cent in the four weeks through until October 22, and is now at the highest level since February, data from the Ministry of Commerce shows.Heavy rainfall in major growing regions this year damaged crops and soaring coal prices has also made greenhouse farming…Read More

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