Sufficient quantity and stable price of important livelihood commodities in China

2022-03-29

At present, novel coronavirus pneumonia and regional conflicts have caused global commodity prices to rise. Some people worry that China's grain, oil, eggs, milk, vegetable & fruit and other important commodity goods are in short supply. Many industry experts believe that China's important livelihood commodities are sufficient in quantity and stable in price, and all kinds of consumer markets are capable of coping with various risks and challenges. Grain prices rose steadily "China's rations are safe." Zhong Yu, director and researcher of the industry Office of the Institute of agricultural economy and development, Chinese Academy of Agricultural Sciences, said. Grain prices in the international market have increased significantly this year. Many countries have successively announced the implementation of wheat export restrictions, further promoting the rise of international wheat prices. Compared with the international market, China's grain prices rose steadily. Zhong Yu believes that the reason why China's grain price increase is milder than that in the international market is that China's grain self-sufficiency rate remains above 95%. Although some rations need to be imported, it is not a gap between supply and demand, but for variety adjustment. China attaches great importance to grain production. Recently, the central government allocated 20 billion yuan to provide one-time subsidies to farmers who actually grow grain. Since February, the Ministry of agriculture and rural areas has sent a working group to the main winter wheat producing provinces to go deep into the fields to check the seedling, moisture, diseases and pests, and guide all localities to carry out field management in spring as soon as possible. On the whole, China is basically self-sufficient in grain and the safety of rations is guaranteed. Li Songlin, an analyst of the oil market analysis and early warning team of the Ministry of agriculture and rural areas, said that China's edible vegetable oil supply is guaranteed and the price is expected to fall steadily. According to the monitoring of the oil market analysis and early warning team of the Ministry of agriculture and rural areas: since March 3, the ex factory prices of domestic first-class soybean oil and sunflower seed oil have stopped rising and fallen; Since March 10, the prices of various vegetable oil products have decreased significantly. Domestic rapeseed will be on the market in late May. According to the monitoring, the planting area of rape sown in autumn and winter last year increased by about 5 million mu compared with 2019. At present, the growth is good, and the output is expected to increase compared with the previous year. In the medium and long term, the supply of domestic edible vegetable oil is guaranteed. There is an adequate supply of meat, eggs and milk "There is sufficient supply of pigs across the country, and the price has fallen for 16 consecutive weeks." Zhu zengyong, a researcher at Beijing Institute of animal husbandry and veterinary medicine, Chinese Academy of Agricultural Sciences, said. According to the monitoring data of 500 county fairs and collection points by the Ministry of agriculture and rural areas, in the fourth week of March this year, the average price of pork per kilogram was 22.38 yuan, down 1.2% month on month and 49.2% year-on-year. Recently, the central and local governments have fully launched the collection and storage of pork. On March 22, the Ministry of agriculture and rural areas held a departmental coordination meeting, requiring all localities to strengthen the information monitoring and early warning of the whole pig industry chain, actively guide financial institutions to increase credit policy support, stabilize breeding land and environmental protection and other long-term support policies, accurately implement the regulation of pig production capacity and the regulation of frozen pork collection and storage, continue to do a good job in the normalization prevention and control of African swine fever, promote the stable and healthy development of pig production, and help farmers tide over difficulties. With the effective measures taken by the central government and many places, the decline of pork prices may slow down, and it is expected to adjust in a narrow range at a low level, with little room for further decline. In addition, the egg market is in sufficient supply. Zhu Ning, an associate researcher at the Institute of agricultural economy and development of the Chinese Academy of Agricultural Sciences, said that eggs, as the agricultural product with the highest degree of marketization in China, have been basically self-sufficient. Since the production capacity of the egg industry in the early stage is on the high side in the same period, the stock level of the egg industry is gradually reduced. From the situation of making up the market, the national stock of laying hens will increase steadily, and the egg market will be in sufficient supply. "China's milk supply is sufficient to meet market demand and there will be no supply problem." Zhu Wenqi, an analyst of the milk market analysis and early warning team of the Ministry of agriculture and rural areas, said. Last year, China imported 3.95 million tons of dairy products, an increase of 620000 tons over the previous year; The domestic milk output was 36.83 million tons, an increase of 7.1% over the previous year, both reaching a record high. The decline in the purchase price of raw and fresh milk, on the one hand, is in line with the law of lower prices in the first half of the year. On the other hand, under the condition of rising production costs, the decline in the price also reflects that the dairy inventory is relatively sufficient. Vegetable prices tend to fall "China's vegetable supply is sufficient, and the price is falling seasonally." Zhang Jing, chief analyst of the vegetable market analysis and early warning team of the Ministry of agriculture and rural areas, said. With the temperature rising, the vegetable price generally begins to fall seasonally in March every year. This year, affected by the rising prices of oil and agricultural materials and adverse weather, the decline of vegetable prices has narrowed significantly compared with the same period in previous years. According to Zhang Jing's prediction, China's vegetable prices will continue to decline in the later period. In terms of supply, the number of vegetables on the market in the national vegetable wholesale market increased by 4.2% year-on-year in March. In terms of the weather, the overall cold air force affecting China in the middle and late March is not strong, the precipitation in the Middle East is increasing, and the temperature in most parts of the country is significantly high, which is more conducive to vegetable production in spring. With the temperature rising, the market volume of protected vegetables in the north will further increase. The warm vegetables in the South greenhouse will enter the peak growth season, and the overall supply of vegetables in the country will continue to increase. It is expected that after April, the prices of most varieties will enter the seasonal decline range. The supply of vegetables is sufficient, and the supply of fruits is also guaranteed. "China has a large fruit planting area and sufficient market supply." Zhao Junye, a researcher at the Institute of agricultural information of the Chinese Academy of Agricultural Sciences, said. At present, fruit prices are in the channel of seasonal rise. The main reason is that there is a lack of green and yellow in early spring. Cold storage apples, cold storage pears and bananas are the main force of fruit market supply. According to varieties, the stock of apple and pear is low. According to the survey and statistics, by the end of February, the stock of apples in cold storage was 6.64 million tons, down 9.4% from the average value in the same period of the previous three years, which was at a historically low inventory value; The cold storage pear stock was 2.7 million tons, a decrease of 12.9% over the same period last year. Seasonal tight supply is the main reason to support the rise of apple and pear prices. Banana producing areas are affected by the cold wave weather, the supply is reduced and the price is higher. "In the later stage, with the listing of seasonal fruits in spring and summer, the supply of fruit market will increase, and the price will drop steadily." Zhao Junye said. (Xinhua News Agency)

Edit:He Chuanning    Responsible editor:Su Suiyue

Source:ECONOMIC DAILY

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