Food prices soar in China amid coronavirus outbreak

Food prices soar in China amid coronavirus outbreak

The prices of food have gone up significantly in China amid the outbreak of the coronavirus.

Prices in February were up 21.4% from the same time last year, with many residents panic-buying food items in January amid the spread of the disease.

Meanwhile, food shipments to prominent Chinese cities were delayed due to control various measures, including some on travel. The issues with food shipping also impacted local farmers who needed feed for their livestock.

As a result, supermarkets have experienced shortages of food, while slaughterhouses have not received the same volume of livestock, including poultry, from farms.

The overall consumer prices of food in February were up 5.2% from the same stretch last year in China.

The government has since been vocal about stopping the overcharging of items and the hoarding of supplies.

Vegetables are among the items that have seen a significant uptick in cost, as prices for those foods are up 9.5% from last year.

The coronavirus outbreak began in the Chinese city of Wuhan. More than 100,000 cases of the virus have been reported worldwide, resulting in more than 4,000 deaths.

With News Wire Services

READ:  China’s mobile payments to see rebound as offline vendors reopen after coronavirus lockdowns

admin