Higher prices of agricultural commodities are being transmitted to the table

Upstream of the soybean, corn, sugar prices rose, downstream of edible oil, meat products, cakes and so began to follow the rising reporter Saida Beijing reported the bull market of agricultural commodities, not just producers and investors in the spot market game.　　With soy, corn, sugar and other prices rose, the people's Table of edible oil, meat products, cakes also began to follow price increases. "Economic reference newspaper" reporter in Fengtai district, Beijing, a agricultural products market see, Jinlong fish 5 litres of soy oil price has been replaced by "48 Yuan" to "50 Yuan."　　Merchant bosses say prices have been up for more than a week.　　Beijing new Agricultural Wholesale market Statistics Department head Liu Tong told the economic reference newspaper reporter, the price increase is mainly imported soybean production of edible oil, from the end of September has risen more than 10%. The price of soybean oil in China is closely related to the international market. Last week, the US soybean period in November hit a 14-month high of $12 trillion.　　According to the General administration of Customs last week, the average price of imported soybeans in China has risen for three consecutive months.　　Business analysis said that the USDA report that China 2010/2011 China's soybean imports are expected to be 55 million tons, and 2009/2010 is expected to import volume in 50.5 million tons, the growth of the fast, the world's soybean price support highlighted. Li Guoxiang, a researcher at the Institute of Rural Development of the Chinese Academy of Social Sciences, said that because of the high foreign dependence of soybean and edible oil in China, the price of soybean in international market was directly transmitted to the domestic market.　　With the advent of the consumption season, if coupled with the possible adverse climatic factors, the supply and demand gap will be further increased, the momentum of price increases will continue. In addition to soy oil, edible oil in the corn is also beginning to join the ranks of the price.　　China's largest corn oil production Enterprise XI Wang food general manager Wang Hongyu told the economic reference newspaper reporter, a bucket of 5 liters of corn oil price increase will reach 10 yuan, due to the recent rise in corn prices, resulting in a significant increase in direct costs.　　It is understood that this year, the domestic corn prices experienced a rise, fall back, and then the process of rising, Dalian Corn Futures 1105 Contract Monday volume rose, once again hit a record high; Chicago's corn price, though somewhat down, remains a strong pattern. "Corn-feed-pork-cpi" interlocking, corn price is only a beginning. Some analysts believe that the U.S. corn supply is an unexpected decline this year, given that corn is the main ingredient of Shan feed, which has a significant impact on meat products, will push up the price of beef, pork and chicken.　　The United Nations Food and Agriculture Organization has released data showing that the global meat price index has risen to its highest level since 1990 in August, driven by soaring commodity prices in the agro-industrial chain, such as corn. China Animal Husbandry Association, Deputy Secretary-General Ma Yi told the economic reference newspaper reporter, corn prices have been an indisputable fact that the price of meat along with the rise is reasonable. But more importantly, the farming industry should offset rising costs by raising production levels and strengthening safety measurespressure. After the "Beans you play", "Corn Crazy", the price of sugar has been dubbed "Sugar High".　　Sugar prices recently exceeded 6000 yuan/ton, set a new high in nearly 20 years. According to media reports, in the face of the rising sugar prices, China sugar tobacco and Alcohol company recently issued a notice of price adjustment, requirements of various specifications of sugar prices to raise 13% overall.　　In addition, candy, cakes, beverages and other sugar-containing food production enterprises are also brewing prices or has raised prices, some brands of candy rose more than 10%. Zhang Xiangjun, senior analyst of Beijing Medium-term futures, told the economic reference newspaper that 30% of sugar was used for residents ' consumption and 70% for industrial consumption.　　The rise in sugar prices will increase the cost of food processing industry, and inevitably lead to the rise of related food prices. Li Guoxiang said that the price of agricultural commodities and food prices are generally consistent fluctuations, such as from soybeans to edible oil, from corn to pork, the corresponding price increase in terminal products will inevitably. As food prices in the residents, especially in the middle and low income groups accounted for a large proportion of the consumption structure, the increase in prices will make people's living expenses significantly increased.