Grain and oil prices continue to rise in Guangdong market in the near future

Introduction: since the second half of 2003, the price of grain and oil in Guangdong Province has been rising steadily The price of grain and oil in Guangdong Province has also experienced a long period of rising trend, and this trend has been continuing, involving a wide range of people, having a great impact on the lives of residents, and once became a topic of close attention Rice prices are still rising Grain prices in Guangdong Province are up 17.6% year on year At present, the listing of new grain does not immediately bring down the price, there will be a time lag effect, and the price of rice remains high First of all, there is a situation in the national market that the supply of grain is tight and the demand is relatively strong, and there is a large gap between the supply and demand of the market Secondly, the purchase of early rice in China has not been completed, new grain has not fully entered the market, and the price of road transportation has increased, resulting in the high price of grain in Guangdong Province The price of edible oil keeps rising In terms of edible oil, the price of edible oil in the whole province has increased by 16.9% over the same period last year In the first ten days of August, the price of edible oil in Guangdong continued to stay at a high price Due to the sharp decrease in the supply of edible oil raw materials and the sharp rise in prices, the prices of edible oil, mainly peanut oil, soybean oil and salad oil, rose In addition, the traditional Mid Autumn Festival consumption peak season is coming soon, and the market demand is optimistic, which leads to the price of edible oil continues to rise The continuous increase of food prices caused by the increase of residents' expenditure due to the rise of prices has a significant impact on the daily life consumption of urban residents Due to the rise of prices, the consumption expenditure of urban residents in the whole province has increased by 2.4 percentage points Food consumption increased by more than 10%, rice purchase by 29.3% and edible oil purchase by 29.6% Food belongs to the rigid category of residents' daily consumption, and the impact of price rise on residents is very direct and strong The increase of grain price drives the increase of feed cost, which leads to the decrease of the supply of meat, poultry and eggs in the city, and the increase of the cost of food processing industry Affected by the supply and demand relationship, the price of the whole food industry is bound to rise The rising trend will continue in the near future due to the influence of market supply and demand, market information asymmetry, grain and oil prices will continue to rise in the near future The reasons are more diversified This year, the supply of grain market is tight, the demand is strong, and the supply in the market with low inventory is tight The increase of grain price is supported by the increase of transportation cost caused by the increase of road freight and the tension of railway transportation capacity But in the long run, the market mechanism will have an adjustment process, and the government will also strengthen price monitoring The price will not rise too far, and in the long run, the price will fall back to the market equilibrium level.