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Tianjin: Vegetable prices declining due to shorter supply chain
Last Updated(Beijing Time):2010-12-07 16:41

Local governments in China have taken several measures to stabilize vegetable prices, and recently, it seems to be paying off. Wholesale and retail prices are declining.

Ms. Zheng lives in Tianjin's Hexi district. She usually purchases vegetables at a nearby supermarket. These days, she goes to a special area in the market, where vegetables come direct from producers. There, she can save about 1 yuan per 500 grams of produce.

Ms. Zheng, one Tianjin Resident said "I could save around 2 yuan per kilogram of tomato. I think the price is acceptable, as it's lower than previous prices."

Local governments in China have taken several measures to
stabilize vegetable prices, and recently, it seems to be
paying off. Wholesale and retail prices are declining.

Analysts say it's thanks to the local government's policies. They paved the way for supermarkets, universities and companies to purchase vegetables directly from producers. Prices have declined due to a shorter supply chain.

Gao Wei, Supermarket Manager in Tianjin said "Since we have been buying vegetables directly from local producers, our purchasing costs have decreased by 15 to 20 percent. That helps us to cut our own prices by around 15 percent, compared to the local market."

But local markets as well, have been able to increase their supply of produce. In one, the fall in prices is significant. Garlic, for example, has decreased by 30 percent.

Source:CNTV.cn 
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