Hot money speculation on agricultural products sharply rising prices

"Is the price of food" and "one day a price" "Mung bean in the early October per ton less than 1700 U.S. dollars, is now 2100 dollars per ton. Zhang Junfang, deputy manager of Dalian Baccarat Import and Export Business Department, pointed to the exhibits on the booth and said, "Now the price of agricultural products is as easy as rolling." The closing of the 108th Canton Fair is imminent.　　In this Congress, China's agricultural enterprises encountered an unprecedented "upsurge in prices." Potato Starch Three month price up one times "beans you play" has become a synonym for the soaring prices of Chinese agricultural products. In the current Canton fair, "Beans you play" is not the most exaggerated.　　Operating vermicelli in Shandong Gold Tallinn Food Co., Ltd. Foreign Trade manager Coolere simply described, now "is to eat all prices," also "one day price." Pointing to their own booth on the Vermicelli products, Coolere said, now the potato starch has been three months ago, more than 6,000 yuan a ton up to now nearly 12000 yuan a ton, "every day to see the new price of the neck to take a breath."　　"Even more troublesome is that the price of potato starch also led to a rise in other kinds of starch, even Thailand and other fields produced cassava starch prices have doubled." How many pears are rising in Apple? The sales manager of Fujian and Thai Food Co., Ltd., which mainly engages in the import and export of mushroom and its deep-processing products, Huangzinjin said now Mushroom also in the price, two weeks turned over 10%, driving other mushrooms are also rising; Hebei Dehui Trading Co., Ltd. Fruit and dried Fruits department Manager Zhenghui said that it was Apple rose, up 20%,　　Now the pear also began to follow suit, also rose nearly 20%. Higher prices of raw materials for agricultural products are driving up the price of processed food.　　The main processing and production of candy and other food products, Guangdong Tsui Exhibition Co., Ltd. site staff told reporters, the price of sugar significantly affected by the factors, the company's chocolate, candy and other product prices generally raised about 10%. The rise in prices and the spread of major agricultural products is a worry for agribusiness, which is apparently spreading to major agricultural products.　　Pao, general manager of Beijing United Food Co., Ltd. said that the current rice and other agricultural products are affected by the effect of prolonged price increases, there have been signs of rising.　　Some companies say that frequent price fluctuations are making it difficult for companies to quote difficulties, and that the future could pose a major worry for China's agricultural development.　　Reason analysis hot money hoarding deliberately drive the industry believes that the growing domestic hot money speculation is the main reason for the recent sharp fluctuations in agricultural prices.　　Coolere said that the most obvious example is that many of the domestic agricultural products that are lower than international prices have now "salted fish", far higher than international standards.　　Take Ginger as an example, originally Southeast Asia, India are in China procurement, now because of the extraordinary price rise, the procurement operators run to buy the obvious cheap Thai ginger. "I dare say that the capital factor plays a decisive role."　　"he said. Some enterprises analysis that the hot money speculation is another evidence of agricultural products prices show a significant "knock-on effect." Zhang Junfang said that according to the normal market supply and demand relationship, a product shortage will be moderately drivenOther products of similar prices have risen, but like the current such mung bean rose, kidney beans also rose, "is a bean all up, that makes no sense, and the price should not rise so high." Only the hot money hoarding, deliberately driving up, this anomaly will occur. "Chiang Food processing Industry Co., Ltd. Market development manager, said:" If the current volatile agricultural products can not be improved, will bring very adverse consequences. On the one hand, the drastic increase in prices will affect the stable operation of the social economy; On the other hand, as the necessities of daily consumption of the people, agricultural products and food prices of the sharp rise, will bring greater psychological pressure on the people. "(Xinhua)