Speculation to pull high international food prices domestic difficult to rally

In response to "global food prices are sweeping China, the bureau may be ' snapped up '" and other concerns, the National Development and Reform Commission price division, said yesterday that "there is no overall rise in international market prices, even if the international market for Wheat (2455,5.00,0.20%) higher prices, Will not have a significant impact on domestic food prices. The director made the above remarks in response to media questions.　　The National Development and Reform Commission website yesterday evening published a press release entitled "The Impact of higher wheat prices in the international market on domestic market prices less".　　At the two-quarter economic news conference on August 11, Laiyun, a spokesman for the National Bureau of Statistics, also said that the rise in international food prices would have a certain impact on the domestic market, but China does not have the basis for a sharp rise in food prices. The hype intensified the international grain price national development and Reform Commission in yesterday's press release first on the current domestic and foreign food prices are introduced.　　The National Development and Reform Commission said that the current international market prices overall significantly lower than the domestic market. According to the National Development and Reform Commission monitoring, in the first half of this year, the Chicago market Wheat, corn (1972,11.00,0.56%) futures prices and Thai rice spot FOB price of 177 U.S. dollars per ton, 143 U.S. dollars and 496 U.S. dollars, compared with the same period last year, respectively, down 13.3%, 7.2%, 12.8%.　　June, the international market wheat, corn, rice spot price than domestic wholesale price per ton respectively low 880 yuan, 1060 yuan and 660 yuan.　　The National Development and Reform Commission believes that this round of food prices is mainly caused by the recent increase in market speculation, speculation intensified. "It has been noted that wheat futures prices have started to fall back recently," the official said. Compared with the beginning of July, wheat prices in the Chicago futures market rose by about 60% in the August 5, with a larger correction in recent days and a 12% fall from August 5 on August 10. This has also proved from one side that international food prices do not have the possibility of sustained, substantial rise.　　"Have the ability to protect domestic food price stability although the national Development and Reform Commission thinks international food prices are not very likely to rise sharply, but the above leaders also said" to prepare for a rainy day, ready to deal with. " The Director explained that domestic and foreign food market prices are relatively small, in addition to soybean major food varieties can be self-sufficient.　　In addition, such policies as minimum purchase price, temporary buying and acquisition, direct subsidy and import and export adjustment can maintain the basic stability of grain prices at a reasonable level. "In the second half we have the ability to continue to maintain stable food prices, a small rise, in promoting the steady growth of farmers ' income, in order to stabilize future food production lay a solid foundation."　　The official said.　　However, the National Development and Reform Commission also reminded that the second half of the domestic grain market supply and demand of the basic balance of the pattern will not change, but to pay high attention to the domestic climatic conditions extremely abnormal, frequent agricultural disasters, the adverse impact on food production. According to Oriental Morning Post