Global food inflation experts read the highest value in two years
Source: Internet
Author: User
In recent years, green beans, garlic, apples, all kinds of food prices soaring news. In fact, the rise in prices is not only in China, but also in the world's basic food. Australia's Sydney Morning Herald reported this morning that extreme weather and market speculation have hit the world's basic food prices, with Israeli tomatoes, Korean cabbage, Chinese garlic and bread prices in Pakistan at their highest levels in history. The Guardian quoted the World Bank as saying that food prices and food prices are not the highest in the next two years. The world is up and up. Data show that the world's wheat and corn prices have risen by 57% in the past six months, Rice has risen 45%, sugar has risen 55%, and soyabean prices have risen to their highest levels in the past 16 month. In just a few weeks, global meat prices have risen to their highest level in 20 years, according to data from the Reuters group's Jeffuri financial firm. At the same time, edible oil prices rose nearly 20%, Sugar Rose 55%. The rise in the prices of these agricultural commodities has also led to higher prices for the downstream industrial chains, with prices of bread, cakes, chocolates and biscuits rising, and some companies taking the practice of not raising prices but reducing costs. The World Bank recently said that the price fluctuations of the main food products, such as meat, sugar, rice and wheat, are expected to last 5 years. The Guardian newspaper, citing the "price rise to the top, predictable global food crisis," quoted the bank as saying that food and vegetable prices are not the highest, the next two years will reach the highest point, now can foresee the global food crisis. A number of governments warned next year that food or shortages in Kenya, Uganda, Nigeria, Indonesia, Brazil and the Philippines have warned that extreme weather is expected next year, and traders speculate that there is a risk of food shortages next year. The london-based World Development movement warns that food speculation by hedge funds, pension funds and investment banks could push up prices further. Domestic and foreign basic food prices rose commodity international and domestic wheat 57% 38% corn 57% 33% sugar 55% 66% rice 45% 39% Industrialization, urbanization, environmental degradation price fluctuations will last longer the UN's Food rights Commissioner Olivier Dechuter that the environment is deteriorating, Urbanization and the use of large amounts of land harvested as biofuels have led to higher prices for the world's leading foodstuffs. "Worldwide, due to severe environmental degradation, 5 million to 10 million hectares of farmland are lost each year, and 19.5 million hectares of farmland are lost each year because of industrialization and urbanization." "Deschutes said. The Guardian reported that some experts believe that the global commodity market price is decided for some time. Abdorreza Abbasian, senior FAO economist, said, "In recent weeks, we have found some of the world's leading 2008The same signs of a food crisis. Our food prices may not be as high as they were in 2008, but this time it will last longer. "Experts interpret grain speculation and promote the price of agricultural products Citigroup's chief economist in the Asia-Pacific region, director of China Research, Shen Ming, said in an interview with reporters that the recent domestic agricultural prices a bubble followed by a bubble, this is very rare situation. At present, in terms of domestic agricultural prices, the impact of liquidity factors is greater, to a greater extent, food speculation has driven the price fluctuations of agricultural products. "Supply, liquidity, climate, the three major factors of synchronization, the price of agricultural products in the next few years will continue to fluctuate." Climate factors can not be ignored, this year's climate is relatively abnormal, the next year's agricultural prices will be greatly affected. Shen Ming Gao said.
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