Economic WATCH: China's harvest harvest expected to ease inflationary pressures

Xinhua Hefei, June 4 (reporter Cai Min Yang Yuhua Liu Baoseng) from the Ministry of Agriculture and China's main grain production areas of the forecasts show that this year harvest will be the seventh consecutive year to obtain a bumper harvest.　　Analysts pointed out that the harvest harvest forecast for China to ease inflationary pressure to maintain a stable and rapid economic and social development is of great significance. China's Agriculture Minister Han Changfu recently said that in the past hundred years to overcome the severe drought in the southwest, the main production areas of winter wheat in the northern regions of the Yangtze River in the past few low-temperature weather, Jianghuai and the middle and lower reaches of the Changjiang region continued low temperature and rainy, northeast and north-west snow, such as　　The national harvest is expected to reap a good harvest this year, with winter wheat production projected to rise slightly, and harvest production close to last year's level.　　The survey of Anhui, a major grain-producing province in central China, shows that this year, the province's wheat sown area of 35.5 million acres, the total output is expected to 23.8 billion kg, respectively, 170,000 mu, 260 million kg. Another harvest main production area of Shandong also predicted that, as long as the latter does not occur serious natural disasters, capture this year harvest Fonsan promising.　　In the province's first Tengzhou, the local director of agriculture, Zheiyun estimates that the total production of the city is 1% higher than last year.　　Harvest accounted for nearly one-fourth of China's annual grain total, and its incomes directly affected the expectations of grain production, income and investment for the whole year, and also passed the spot market of grain, which changed the annual grain price expectation and made important influence on the macroeconomic and price index. According to the National Development and Reform Commission monitoring, in May, China's main grain production areas of grain acquisition price, 36 large and medium-sized cities retail prices overall stability in the rise.　　The average purchase price of three kinds of wheat in main producing area was 0.07% higher than last month, the average acquisition price of early Indica rice, late indica rice, japonica rice three kinds of rice increased by 1.68%; the average purchase price of corn rose by 4.75%. In China's "four big Rice city" one of the Wuhu, the price of Japonica rice and Japonica reached a record high.　　At the beginning of May, the purchase price of ordinary japonica rice was 135-140 yuan per 50 kg, up 5 yuan in the same period last month, and the wholesale price of ordinary japonica rose to 190 yuan per 50 kg, which rose 8 yuan in the same period last month, and all created the highest price in the same period. In China, food prices are the basis of hundred prices.　　Although the NBS did not specify the detailed weights of the eight categories of commodities in the consumer price index (CPI) statistics, it has always been said that the weight of food is about 30%, the largest category.　　It is reported that the National Bureau of Statistics has released the first four months of this year CPI rising, historically, food prices have been rising in China's CPI is often one of the main driving factors.　　QINQINGWU, director of China Agricultural Economic Society, said that the grain demand elasticity is very low, as long as the production is good, the price will not rise rapidly, especially in the year of many disasters, Harvest's High-yield will have a special role in stabilizing inflation expectations. Anhui Province Fuyang Yinzhou Grain Reserve Warehouse is a local grain purchase and sale enterprise, has been engaged in the purchase of the city and some market-oriented acquisition. Xu Liangxian, director of the city, said that the purchase of the market to the country to grasp the huge food source, plus harvest for many years, which provides a basic guarantee for stabilizing food prices and stabilizing the overall economic situation. Anhui Province, the relevant head of the Grain bureau also said that this year's drought in the southwest and the northeast rainstorm, resulting in some areas of food production, coupled with the recent emergence of rice prices and grains prices too fast rise, but also enhance people's expectations of inflation.　　But this is expected to be true, and this year's harvest harvest will play a decisive role. However, in the interview, the reporter also learned that, despite the harvest harvest in sight this year, the current market price of food has been higher than the lowest purchase price of the city. In Anhui Province Fuyang, Bozhou, Huaibei and other major grain producing areas, the market's wheat prices are generally higher than this year, the value of 2-3 cents. Some buy-out respondents said that the farmers and the market were expected to have higher prices for food, as the country raised prices in the city this year, and some areas suffered from various natural disasters.　　So grain prices may still be high later on. The agricultural Information center of Shandong Province predicts that the price of wheat will be between the lowest purchase price and the current price after the new grain is listed.