Fruit producers face bad weather high dollar flat in China Beijing: A sharp fall in the value of the Chinese currency has hit fruit producers in the
Fruit producers face bad weather high dollar flat in China
Beijing: A sharp fall in the value of the Chinese currency has hit fruit producers in the Chinese city of Shanghai.
The Chinese currency closed at 12.4 per dollar, up 1.5 per cent over the week to 12.45, according카지노 사이트 to a Bloomberg News report today. The last time it declined below 8 per cent.
Shenzhen has the lowest monthly cost index of more than 40 and is seen as a safe haven for exporters of fruit and vegetables to buy at a relatively low price. Beijing’s official index of 300-unit market prices, for the same period, stood at 1540 yuan.
The index declined in January and February this year, but Shanghai was among the only cities to see large price drops, a Bloomberg analysis of data from the Shanghai Stock Exchange shows.
A drop in foreign currency for export has meant some fruit producers are now running out of money. According to Bloomberg, a third of export포커ers in the city have run out of money, a significant chunk of the city’s workforce, including fruit growers, had no money left to spend.
A worker picks up fruit during the Chinese New Year in Wuxi, in south Chin마사지a’s Guangdong province, January 11, 2016. Picture taken January 11, 2016. REUTERS/Aly Song