Monday, December 27, 2010

The global epidemic of extreme weather off an international food prices continued to surge.

<P> Began in July of this year, set off a surge in international prices of agricultural products. .</ P> <P>, Bloomberg reported, on August 2nd international wheat futures prices broke through the nearly 22-month history. .British "Financial Times" reported that since late June, the European wheat futures prices have risen nearly 50%, the highest 30 years the biggest monthly gain. .</ P> <P> At the same time, China also suffered a Xialiangjianchan, Southwest drought, floods and other adverse factors the North and South. .Volatility of international food prices, but also makes food prices on the domestic market is expected to further improve. .National Development and Reform Commission announced on August 2 the data show that from February to July, wheat, rice, maize purchase prices were up 1.22%, 6.73%, 15.12%. .Which, or the most obvious of corn, in June rose 4.24% monthly. .</ P> <P> National Food Authority Zeng Ying, deputy director of several publicly stated recently, "At present sufficient grain resources," prices will remain stable outlook. .Yesterday (August 4), the "Daily Economic News" interview, a number of experts also believe that the disaster after another this year have increased the pressure on food production, there will be no long-term, substantial price increases. .</ P> <P> global climate anomalies international food prices </ P> <P> international food prices, from the Chicago Board of historical transaction data can be seen: from a bushel of wheat futures soared 55% 456 cents .to 707 cents this month, the inflation rate fastest in 50 years; corn futures from 343.25 cents per bushel, up 21.8% to 418 cents; soybean futures from 894.5 cents per bushel, up 15% to 1029 cents; United States .No. 2 long grain rice from the 9.9 cents per pound, up 14% to 11.30 cents. .</ P> <P> caused the main cause of this wave of rising food prices, global climate anomalies and global monetary policy too loose. .</ P> <P> major wheat producing areas of many of the world a serious disaster weather. .Russia, Ukraine, Kazakhstan and other places suffered high temperature and drought of epic proportions, and these three countries are listed the top ten global wheat exports, the market expects the cuts may be, refrain. .</ P> <P> other major wheat producing global climate are poor rainfall over Canada, the European part of the wheat growing areas suffered drought, Australia Naoqi locusts. .In addition, India's most populous country because of poor infrastructure, limited storage of wheat warehouse, actually caused a lot of wheat to rot. .</ P> <P> the end of 2007 to 2008, the international food shortages have appeared, some countries export food to be more cautious, which further exacerbated the natural disaster caused by the negative impact. .Late last month, Agriculture Minister had indicated to reduce Ukraine's grain exports, cut about one quarter of this year's grain exports. .</ P> <P> States to the rescue of the financial crisis, a lot of liquidity into the market, international food prices is an important factor. .As the United States economy a shot in the arm the first excited and then again after a slump of them, which caused the killing of international liquidity can not be assured to the copper, oil and other industrial products, more choices of the "weak cyclical" in .agricultural products. .</ P> <P> if only the weather, can result in broad based agricultural products, because the fundamentals are not the same species. .In addition to food categories, the other such as cotton, oil, sugar, coffee and other agricultural products are all up, or international speculators that a "credit." .</ P> <P> Finally, since the majority of the international dollar-denominated commodities, the recent slump in the dollar index, food prices also constitute part of an incentive. .</ P> <P> domestic call is expected to further strengthen </ P> <P> last month volatility in international grain prices, coupled with Xialiangjianchan, Southwest drought, floods and other adverse factors the North and South, making the market for food prices .expected to further improve. .</ P> <P> National Development and Reform Commission announced on August 2 data show that in July, the main producing areas of red wheat, white wheat, mixed wheat average purchase price of wheat for each of three 50 kg (below) 98.66 yuan .; early indica rice, Wan Xiandao, three kinds of paddy rice was 109.32 yuan on average purchase price; maize average purchase price of 91.81 yuan. .</ P> <P> In February, three more than the corresponding data were 97.47 yuan, 102.43 yuan, 79.75 yuan, or 5 months, were up 1.22%, 6.73%, 15.12%. .Which, or the most obvious of corn, only a single month to June rose 4.24%, up more than 20% year on year. .</ P> <P> food prices have climbed in the first half of the cases, they came to China seven years the news of the first case of Xialiangjianchan, although only 0.3% decline, but also makes the call is expected to be further strengthened. .</ P> <P> Academy of Social Sciences researcher at the Institute of Rural Development said Zhang Hong, corn prices rose this year on the basis of the more obvious the moment, the main maize producing areas of Jilin Province is suffering from the floods, the disaster's impact on the future of corn production is also difficult to estimate .. .According to the Chinese Food Network analysis, flooding may make some of the South after the main rice producing areas of cut up to 20%. .</ P> <P> concern is the volatility of non-staple food prices is more obvious than the staple food. .Such as mung bean skyrocketing earlier, the "Daily Economic News" search query system through the Ministry of Agriculture found that the largest agricultural product wholesale markets in Beijing - New Development in the market, May 19 the bean price is March 19 .twice. .</ P> <P> National Food Authority: Currently, sufficient grain resources </ P> <P> volatility of international prices on the domestic impact, as early as April of this year, the National Development and Reform Commission has said publicly that, "In recent years .the international market price volatility of food, while China's domestic grain prices over the same period maintained a basically stable, steady trend of slight increase, "" Changes in China's grain farmers is the government considering the costs and benefits of planting, etc. The minimum purchase price established .the result of policy control, smaller correlation with the international market. "</ P> <P>" 50% so much volatility on the domestic market will have some impact, but little impact. "</ P> <P> .Zhang Hong believes that China's three major staple food self-sufficiency, so their "influence" does not come from the import and export trade, but from the price transmission, and the bullish capital market is expected to enhance the chain reaction. .In addition, the import and export of wheat and rice, the amount is extremely small, only imports of maize in the first half of the growth spurts occur. .</ P> <P> Chinese Academy of Social Sciences Li Guoxiang, deputy director of the Rural Development Institute also believes that this year's spate of disasters has increased the pressure on food production, there will be no long-term, substantial price increases. .</ P> <P> bullish expectations for a strong phenomenon, the past month, the National Food Authority Zeng Ying, deputy director in several public that "the current grain resources sufficient", the late market prices will remain stable. .Meanwhile, in July the National Food Authority website published two articles emphasize continuous, not to corn, wheat prices hold high expectations. .</ P> <P> data from the Development and Reform Commission show that since 2003, China's grain harvest has been for 6 years, as of April this year, the total inventory of state-owned grain enterprises, more than 4,500 billion kilograms of raw grain, stock consumption ratio of 40 .% or more, far exceeding the internationally accepted 17% to 18% of the safety line level. .</ P>.

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