The price of edible oil comes from exogenous produce leading commodities rising ceaselessly

Commercial News (reporter Zhang Han) National grain and Oil Information center under the State Grain Bureau Changqiangmin said yesterday that the price of edible oil and supply and demand fundamentals do not have a big relationship, mainly because "domestic edible oil market and international grain and oil market highly integrated."　　He said that the price increase to domestic consumers caused by welfare losses, at this stage also brought greater inflationary pressure, in the future the state will arrange for the timely storage of oil and grease sales, implementation of regulation. The rise in commodity prices is the one you sang to me, and this "star" is cooking oil. Although October 20, the national grain and oil trading center auction 300,000 tons of temporary storage of vegetable oils, but after the market is still rising. According to monitoring, since July, domestic edible oil prices with the international market rose, the early July coastal first-class oil (bulk oil) ex-factory price of 7100 yuan/ton, August at the end of 8900 yuan/ton, up 11%; September to 9300 Yuan/ton, Rose 31%, has reached 9400-9500 yuan/ton,　　rose to about 33%. On the cause of the increase in the price of edible oil, Changqiangmin said that the domestic spot supply sufficient, in recent years, the central and local reserves have increased the oil seed, reserves, reserves are very large, "this price is characterized by import prices, domestic edible oil and international grain and oil market highly integrated." In the 2009-2010 market year (October 2009-September 2010), China consumed 23.2 million tonnes of edible oil, 64% of which came from international markets, he explained.　　In recent times, soybean and other major oil seed products international futures prices continue to climb, pushing the spot price rise, chain reaction led to domestic cooking oil prices higher. Changqiangmin revealed that the 2009-2010 market year, domestic soybean imports amounted to 54 million tons, than the previous market year to increase 11.5 million tons.　　The rise in soyabean prices in the International futures market is linked to market expectations, with USDA predicting that South America's production in the main soybean-producing region of the next year could be reduced and that total production could be reduced by 5 million tonnes. Outside the influence of the international market, the fund hype is the focus of all parties.　　Changqiangmin said, "The money hype is strong, out of market expectations and other factors, a lot of money in the speculation of high oil seeds and oil prices." "Now we can see such a scene in the supermarket, all said to the price increase, but a lot of edible oil products in the promotion, indicating that the inventory is adequate." "Changqiangmin said.　　He says big money is everywhere looking for investment, speculative opportunities, the global consumption of edible oil and the rapid growth of non-traditional consumption is expected to promote the price of edible oil upward, "in the context of global liquidity surplus, agricultural products show strong financial attributes and energy attributes, the market complexity greatly improved." What is the impact of this oil price increase on food?　　Changqiangmin said that the price increase to domestic consumers caused welfare losses, but also conducive to stimulating domestic and foreign oil production expansion, to promote oil production increased, to achieve long-term supply security benefits. On the next step of the edible oil market regulation, Changqiangmin said, the relevant departments will also according to the situation, timely arrangementsReserve oil and grease sales.　　He said that the current domestic oil and grease commercial inventory has been enriched, the flow of processing all aspects of inventory has increased, the domestic harvest oil began to go on the market, oil processing enterprises operating rate is very high, "the domestic supply of edible oil is abundant, the price of the rise has inhibitory effect." Related news products leading commodities "up and down" business news (reporter Zhang Han Mengfanxia) In addition to the recent cause of widespread concern about the price of edible oil, in the futures market, from cotton, sugar to non-ferrous metals, commodity prices are "one does not fall."　　Relevant experts pointed out that liquidity-induced inflation expectations did not materially change, stimulating the rise in commodity prices, the impact on a wide range of agricultural prices, dumping the regulation of the way relatively passive, the state from production to the circulation of the overall regulation. Yesterday, the domestic futures market rose, a number of varieties sealed in the trading, no one variety to go soft.　　Among them, Zheng Cotton, rubber, sugar all trading, once again create a record high, Shanghai zinc rose more than 4%; Concerns about rising commodity prices are clearly linked to "tiger-like" inflation.　　After the central bank suddenly raised interest rates, some experts pointed out that the economic growth has no worries, the macro-control will shift to curb inflation and asset prices, and dumped into the relevant departments to deal with the rise in commodity prices, curb inflation a big weapon. Li Guoxiang, a researcher at the Institute of Rural Economics at the Chinese Academy of Social Sciences, said that a more proactive approach should be taken to regulate prices from production to circulation. "While the dumping is effective, it is relatively passive and it is not possible for every product country to have enough reserves." "Li Guoxiang thinks, the agricultural product hype is one kind enlarges the price fluctuation the behavior, the price fluctuation does not start in the circulation link, but starts from the production link."　　In stabilizing the price of agricultural products, the relevant departments should focus on cultivating a group of large enterprises with responsibility to the society, under the premise of guaranteeing the profits of enterprises, rely on these enterprises to obtain the right to speak the price, inhibit the large fluctuations in the prices of agricultural products. There are also industry analysts pointed out that the current agricultural futures only cotton, soybeans and so on more than 10 kinds, China needs to further improve the agricultural futures market, more dissemination, forecasting the trend of agricultural futures prices, farmers if the timely knowledge of prices, will be in the purchase price adjustment, so that the middleman "hype" the risk