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Mainland Agricultural Product Prices Caught in a Recurring Cycle of Rises and Falls; Supply-Demand Imbalance Hurts All Parties
Mao Yugui, a 60-year-old vegetable farmer in Lanzhou, lost money on all four mu of cauliflower he planted this year. The price slump in cauliflower, which has been on the market for nearly a month, has dealt the old man a heavy blow: since mid-July, cauliflower prices began falling from 1 yuan per jin (RMB, same below), down to 1 jiao, 5 fen... until no one would even ask about it, and in the end it could only be dumped or fed to livestock.