China’s food prices fell 1.6% year-on-year in April 2026, reversing a 0.3% increase in the previous month as supply conditions improved following a prolonged supply-driven downturn. It marked the first decline in food prices since January, and the steepest fall in six months, with prices falling for fresh vegetables (-0.5% vs 4.9% in March) and fresh fruit (-1.0% vs 4.0%), alongside a steeper decline in pork prices (-15.2% vs -11.5%). Meanwhile, prices continued to decline for cooking oils (-1.0% vs -0.8%) and dairy products (-1.2% vs -0.7%), reflecting soft demand and ample inventories, while egg prices rebounded (0.5% vs -3.1%).