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It's a move that signifies a shift in consumer demand -- the expectation that the food they buy is produced humanely -- is creating tangible results at the producer level.
Just today, the government's report on prices at the producer level showed that inflation remained tame.
As recently as last October, China was still suffering from gradual deflation at the producer level.
But prices at the producer level were restrained last month, possibly reassuring Fed officials who are wary of inflation risks.
Other data showed an unexpected pickup in inflation at the producer level, and a recovery in consumer confidence.
The consumer inflation figures followed a report on Tuesday showing a 1.4percentt drop in prices at the producer level.
Similar(22)
Higher prices, however, have begun to bubble up at the consumer and producer levels, government reports showed this week, complicating the policy calculus of the Federal Reserve as it tries to bolster the struggling economy.
Even though prices at the consumer and producer levels rose a little less quickly last month than they had in March, the slight slowdown at the consumer price level was less than many economists had expected.
Both Lloyd et al. (2006) and Hassouneh et al. (2010) address issues of human health and food scares within the UK and Spain by examining the impact of BSE on the retail and producer levels.
The prices at the producers' level of sun-dried hides (suspension-dried and ground-dried) were the lowest, ranging from KES 50 to 150 (US$0.66 to 1.9).
Economic data offered little support to the market, with one report showing a small uptick in producer-level inflation and another showing the weekly number of Americans lining up for first-time unemployment benefits rising to 403,000, the highest level in six weeks.
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