Penson: Stock Market property funds hype agricultural products

Penson, deputy director of the National Development and Reform Commission to analyze the price of agricultural products in the stock market speculation caused by inflation expectations, the recent agricultural prices, "You sing my debut" As a sharp rise, triggering a strong social response.　　In this respect, Penson, deputy director of the National Development and Reform Commission, received an interview with Xinhua news agency.　　Q: Which agricultural products have risen sharply? A: At the end of April, early May, the speculation of garlic and mung bean. Dry Garlic Retail price to 8 yuan per catty, but the new garlic market in May, garlic prices have begun to fall back, now the price of new garlic has come down to more than 2 yuan per catty.　　The price of mung beans rose very obviously, some supermarkets have more than 10 yuan per catty, this outrageous.　　Second question: What causes the price to rise? A: The special reasons for the sharp rise in prices of some agricultural products this year on the one hand, since this year, climate conditions are unfavourable, drought in the southwest, the central and eastern regions continued to low temperature, vegetables, garlic, mung bean production and supply have been greatly affected; On the other hand, there are social funds to use garlic, mung bean and other agricultural products, seasonal strong, production decline　　, market information asymmetry and other characteristics, malicious hoarding, driving up prices, seriously disrupting the market order factors. Liquidity is plentiful and inflation expectations are strong.　　Some funds to use the weather and other short-term factors hype agricultural prices, speculation are the necessities of life, so the social repercussions.　　Three questions: Why is there hoarding? A: This year, the state has introduced a series of policies to curb the rapid rise in house prices, the stock market is also downward.　　The housing market cooling, the stock market downturn, in this case, a large number of funds out of the stock market and the property market, began to pick new targets. Analysis of the price significantly increased varieties, although are necessities, but in addition to rice and vegetables, are small varieties of agricultural and sideline products. These products are seasonal production, perennial consumption, supply, demand is certain, are not particularly large, easy to store, hot money more easily hype.　　and the main agricultural products such as rice production, the state reserves a large amount of hot money to fry.　　After the hype, through the media amplification effect, make the social consumption psychological expectations change, leading to the results of the current see-price abnormal fluctuations, strong social response.　　Question four: What is the impact on inflationary expectations? A: The price differential of some agricultural products will have a "demonstration" effect, which will enhance the social inflation expectation.　　In particular, a few people constantly hoarding, and constantly release the information of soaring prices, inflation expectations have played a role in fuelling.　　Five questions: How to stabilize the price of agricultural products?　　A: To continue to seriously implement the "rice bag" governor responsibility system, "vegetable basket" mayor responsible for the requirements, improve the economically developed provinces and major grain production areas, large cities and vegetable manufacturing base of the sales and marketing docking mechanism to ensure supply, to lay a solid foundation for price stability. The price department recently deployed a series of market inspection inspections, in the main production province, the main sales provinces have found some hype garlic, mung bean and other agricultural products clues, we will verify the relevant evidence after serious investigation, give exposure.　　At the same time, we should strengthen the supply and demand of major commodities in the domestic market. XinhuaSocial journalist Liu Zheng Guocheng jiang