Who is the driving force behind the price inflation rising into the era of globalization

Source: Internet
Author: User
Keywords Price who is
The previous paragraph is "Beans you play", "garlic You ruthless", "Ginger You Army", these days again ushered in "Sugar high", "Oil not".  In this era of all possibilities, perhaps one day wake up, ordinary cabbage and radish, will be overnight into a "white Rose", "Lori Your Life" who is the driving force behind the price of the crazy rise? The price of all kinds of sugar has been raised by 13%, which is the highest in nearly 20 years; the price of edible oil has risen nearly 20%, 300,000 tons of reserve oil has come into the market urgently;  In the last week, prices have been a raspberry. It can be said that nothing can closely affect the top decision makers, down to the heart of ordinary housewives. Since this year's general food prices, first "beans you play", "garlic You ruthless", "Ginger Your Army", these days ushered in the "Sugar High", "Oil not".  In this era of all possibilities, perhaps one day wake up, the general public cabbage and radish, will be tempered overnight into a "white inside Rise", "Lori Your Life." But when we try to find out what is behind this year's rising prices, it turns out that the price of anything is not just a simple supply and demand change, monetary factors, global integration, extreme weather, whichever link has the power to far-reaching prices.  Under the domino effect, the soaring price of food has pushed the CPI steadily higher, thus driving China into the high cost era quickly. Although officials have repeatedly denied that rising prices have sparked inflation scares, the central bank's sudden interest rate hike on 19th was widely seen as a reference to inflation. The high value of the CPI, released 21st, also confirms the huge impetus for food prices.  No suspense, "price" is bound to become the 2010 the most red key words. Behind the scenes 1 of capital pushed prices soaring pseudostellaria more than six months more than 500%, the involvement of hot money is the main reason for the hot money, refers to the pursuit of high profits in the financial markets flow between the short-term assets, this term in the field of economics, this year occupy the media headlines, only because it fired the "beans you play", "garlic You ruthless", "  Ginger Your Army "...  Single Chinese herbal medicine, for example, this year more than 70% of the wholesale price of Chinese herbal medicines has been about 60% of the rise, price changes have become the recent medicinal herbs market normality, which in the past years, the price of medicinal herbs market in stark contrast, which pseudostellaria the most crazy. Yangcheng Evening News reporter 21st from the Guangdong Price index platform to see, Sig Pharmaceutical Co., Ltd. Pseudostellaria's latest wholesale price is 372 yuan/kg.  But according to Guangzhou pharmaceutical company, this March Pseudostellaria purchase price is only 60-70 yuan/kg, the recent price has been hovering 360-370 yuan/kg, more than half a year more than 500% per cent. From the point of view of the use, Pseudostellaria is not a major use of raw materials, the current domestic mainly in Jiangsu Pharmaceutical group production of stomach digestion tablets drugs, is the main user of this species, other ways of using relativelyMore fragmented, why is there so much volatility in prices? The director of the Price Monitoring Center of Guangzhou Municipal Bureau of Prices said that the involvement of foreign funds was an important cause. "The current state of continuous regulation of property market, many hot money into the Chinese herbal medicine market speculation." such as May this year, 37 of the price explosion and hot money speculation has a great relationship. Some wild, small quantities of small varieties of medicinal herbs due to climatic reasons, production is less, in the present has not been artificially bred success and promotion of the situation, the price has been rising trend. And some of the larger varieties are affected by the climate, production and inventory quickly reduced, but also to foreign capital speculation created a possibility. The hot money into the Chinese herbal medicine market, the price rise played a role in fuelling.  Chinese herbal medicine market has been funds involved in the varieties have Medlar, Codonopsis, Angelica, astragalus, spices, chili, 37, Tianqi, Pseudostellaria and so on.  In fact, as far as the first two months crazy up the "beans you play", "garlic you ruthless," Ginger You Army ", nearly as the recent week of edible oil, LPG explosion, almost all prices have risen since this year, are increasingly showing financial attributes, which is closely related to China's loose monetary policy in the past two years. In the last two years, China's new loan of 17.3 trillion yuan, so the amount of money to enter the market, must find a way out. The 2009 stock market doubling and volume consumption absorbed a lot of currency liquidity; In the first quarter of 2010, the housing boom sucked in some liquidity.  But now, the state of real estate and other asset prices regulation, a large number of liquidity funds out, will look at agricultural products, resources and other physical products. The international market is also the same, from 2007 to 2008, the international market prices of agricultural products seriously fell off the fundamentals, as is the international speculative funds in trouble.  Especially in the expectation of inflation, the investment and even speculation of agricultural commodities become an important way to preserve and increase the value of wealth. Behind the scenes 2 rise in prices into the global era after the Mid-Autumn Festival Guangzhou edible oil prices rose very clearly, bulk wholesale prices on average up 12%-20%, all because China is the world's largest soybean oil imports in the era of globalization, due to the existence of trade, the rise in prices is a phenomenon of globalization.  If there is going to be a new round of rising prices of edible oil, the fundamental reason for the soaring price is that China is the world's largest oil importer. 21st Yangcheng Evening News reporter in Guangzhou tianhe North Bojia Supermarket see, still doing promotional cooking oil quantity has been very limited, the price concessions are very few, such as jinlong fish 4 liters and the original price of oil is 44.8 yuan/bottle, promotional price of 41.9 yuan/bottle.  If the usual, cooking oil promotion generally will be cheap nearly 10 yuan. The monitoring data sent by the Guangzhou municipal Price bureau to reporters also show: After the mid-Autumn Festival Guangzhou edible oil prices rose very clearly, including bulk wholesale prices on average up 12%-20%, soybean oil, oil, oil, palm oils per ton are up about 1000 yuan; the wholesale price of small packaged edible oil has also risen, up by 10%-15 %。 such as LuhuaThe 5 litres of peanut oil rose from $88 to $95, or 8%, to the increase of 5 litres from 45 to 48.5 for the increase of 8%. However, wholesalers said that the current price is temporary, pending the sale of inventory, the price may have to rise.  If the current price of suppliers, Luhua peanut oil 5 liters wholesale price should be up to 99.5 yuan, to the United States lent oil 5 liters wholesale price should rise to 52 yuan. Although the current wholesale price increase is not fully conductive to the retail market, but Guangzhou's farmers markets, supermarkets and other terminal edible oil prices have been rising.  21st in Guangzhou's Farmers ' Market, orchid flower peanut oil 5 liters has risen from 83 yuan to 88 yuan, or 6%, Golden Dragon fish and oil from 55 yuan to 59 yuan, or 7%. Reporters from the Guangzhou municipal Price Bureau confirmed that a number of supermarkets have received Luhua, Jinlong fish, Fu, Eagle Mark, such as Brand price application, the demand for oil rose 10%-20%, peanut oil rose 10%-15%.  Moreover, with the arrival of edible oil consumption season, the price of Guangzhou edible oil before the end of the year is expected to still have a certain rising space. Why is cooking oil suddenly rising so sharply? The price Monitoring Center of Guangzhou Municipal Bureau of Prices analysis said: The main reason is that soybean import prices continue to climb. China is the world's largest soybean oil imports, the annual soybean oil, palm oil, rapeseed oil imports are ranked first in the world. China's soybean oil mainly from the United States, Argentina, palm oil from Malaysia, domestic edible oil prices directly affected by the international market price. USDA's October report slashed the 2010 U.S. soybean production forecasts, while the La Nina Climate's potential threat to South America's soybeans was also worrisome. In a tight global supply situation, strong export demand, especially from China, is bound to help increase international market prices, the market for the price of soybeans bullish.  China's import soybean price has maintained a 3-month rising trend since July this year, leading to a marked rise in edible oil prices.  In the Guangzhou Monday night between the 10% price adjustment of the bottled gas, the boom is not open the back of the global relationship. Reporter from Guangzhou city Price bureau learned that from mid-July to last week, Guangzhou bottled gas price has been maintained under hundred Yuan, the minimum of 92 yuan/bottle, until October 14, Guangzhou Gas Company and Huanjiong Gas Company's bottled gas retail price of 99 yuan/bottle. But starting from 15th, overnight, the gas company's bottled gas price suddenly rose from 99 yuan/bottle to 108 yuan/bottle, all of a sudden up 9 yuan, the magnitude of the increase in prices unprecedented.  and Guangzhou gas company also answered in 18th to increase the price to 102 yuan/bottle.  The city price Bureau said that this is because of the recent domestic product wholesale prices have risen, thereby driving the wholesale price of liquefied gas. Guangdong Oil and Gas Chamber of Commerce Minister Zhung Rongjin said: "The Pearl River Delta region imported Gas warehouse listing price has risen to 7050 yuan per ton, half a month up nearly thousand yuan, this round of price rise faster, the increase is relatively rare." "The main reason is the soaring international costs." New York oil prices broke through October80 USD/Bucket platform and continue to occupy so far, giving the market the greatest psychological support. The Middle East LPG export market continued to warm up, directly stimulated the importer to raise prices sharply. With the arrival of the LPG consumption peak in winter, the international LPG export cost will continue to rise further, directly stimulate domestic prices. Therefore, the fourth quarter to have to meet high gas prices psychological preparation. "Behind the scenes 3 extreme weather prices are affected by extreme weather, this year Russia's food production is expected to fall by more than 30%, German wheat will reduce production by 20%, Canadian wheat will be reduced by 17% compared to other agricultural products, food prices in the important stabilizing effect of prices, like the sea of the fixed Poseidon needle.  Therefore, grain prices have been controlled by the State, to follow the adjustment cycle and price adjustment rate, can not casually increase prices. 2009 Rice acquisition price of 0.9 yuan per catty, this year has risen to 1.2 yuan per catty, grain enterprises can not bear, in July, China's food prices rose 11.8% year-on-year.  The reporter from South China Food Trading center learned that the recent Guangdong port rice price stability in the higher level, which early Indica reported 3020 Yuan/ton, two excellent pui nine 3960 Yuan/ton, northeastern Japonica paper 4080 yuan/ton. But the increase in food prices is not just China's "national conditions", the global food prices entered the era of high prices. The world's major food-producing regions have cut production because of extreme weather sweeping the world. This year, due to the continuous hot and dry weather, Russia, Ukraine, Kazakhstan, Germany, Australia and other major grain-producing areas of the world suffered drought, food crops, especially wheat crop production cut sharply.  Russia's food output is expected to fall by more than 30% this year, with German wheat expected to cut production by 20% and Canadian wheat production expected to yield 17%. China's climate is also extremely unstable. At the beginning of 2010, there was a severe drought in the southwest, Xinjiang Blizzard, north China suffered from low temperature, the south was heavily flooded. Since May, the worst drought in 50 years has occurred in the north-west of the mountain.  Such frequent natural disasters are beyond expectations. However, China's Ministry of Agriculture website issued a bulletin that, with the central support of late rice and autumn grain production of the rapid implementation of policy measures, coupled with the country since mid-August, most of the national climate conditions conducive to crop growth, southern late Rice and the northeast paddy growth process accelerated, partly to make up for the lack of Hu Feng, chief analyst at the South China Food Trading Center, said: "On the basis of six consecutive years of production, the harvest has achieved a good harvest this year, with a total output of 246.2 billion kg, albeit a slight decrease from the previous year, but it is still the third high yielding year in history." Among them, the yield of winter wheat of harvest was higher than that of last year, which achieved the seventh consecutive annual yield increase. In addition, last week, the price of a comprehensive increase of 13% of sugar, Outlook will also look at the day. With a small increase in sugar production in the country, it is hard to make up for the gap in supply and demand caused by the decline in national sugar and industrial inventories, which could fuel the already rising international and domestic sugar prices. In addition, this year is the La Nina weather variability and many disasters of the year, once again the disastrous weather will increase the uncertainty of sugar supply and sugar price.  The recent heavy rain in Hainan, typhoon "catfish" may attack China's main sugarcane growing region of Guangxi, will also add new squeeze season sugar supply additional adverse factors.  Reporter notes part of the price rise is just rational return to many prices of collective rise so that the wage earners, but in the opinion of experts, the rise in some prices is a rational return. If regulated by the state grain prices, China's food prices for a long time lower than international prices.  As a result of the long-term low food prices, fertilizer, labor and other costs continue to rise, coupled with food production is susceptible to climate, water conservancy, pests and other factors, resulting in low long-term average income of grain crops, and hurt the enthusiasm of farmers to grow grain. For the Chinese herbal medicine since the crazy rise this year, the Guangzhou Municipal Price Supervision center of the relevant officials said: "This is the price of Chinese herbal medicines return value." China's agricultural products for a long time scissors, Chinese herbal medicines as a kind of agricultural products, prices have been hovering low for many years, resulting in farmers planting enthusiasm fades, resulting in a sharp drop in the area of Chinese herbal medicine The current price rise of Chinese herbal medicines can be seen as a return to the actual value of the price. "Take Pseudostellaria as an example, it is two years of raw medicinal herbs, has been at a lower price for many years, at the end of 2009 only 30 yuan/kg, long-term low prices greatly damaged the enthusiasm of growers, planting a large decline." And since the beginning of this year, droughts, floods and other climatic anomalies, but also exacerbated the decline in production, it is estimated that the production of Pseudostellaria this year than last year reduced by 30%-40%, which undoubtedly gives the hot money speculation provides an excellent opportunity. (Wen/Yangcheng Evening News reporter Xu Yue map/mining)
Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.