China Shouguang vegetable price index down 2.25%

JINAN - The China Shouguang Vegetable Price Index, a barometer of the country's vegetable market, fell 2.25 percent to 109.75 points on Friday.

The closely watched index is published daily by the city of Shouguang, Shandong province, which is a major vegetable production base as well as a vegetable distribution and price-setting center.

The index was approved by the Ministry of Commerce in 2010 and first published on April 20, 2011 to offer a timely and accurate reference for vegetable growers and traders.