Share & Search

Who'll buy my cabbages?

A farmer looks at piles of unsold cabbages at Shanghai's Jiangqiao Wholesale Market yesterday. There was a bumper harvest of cabbages in the city and neighboring regions this autumn thanks to the good weather. However, that was not good news for growers as the oversupply has resulted in falling prices and disappearing profits. With cabbages selling at just 7 or 8 yuan (US$1.26) for a sack, growers are not able to make enough money to even cover the cost of production. Shanghai introduced a price insurance scheme for green leafy vegetables last year to help growers, but cabbages were not put on the list.


Popular posts from this blog

Insider trading ends in jail term

Officials pledge to improve lives