Ministry of Agriculture and Rural Affairs: Corn prices will be limited, but soybeans will remain high

On December 24, Tang Wei, Director of the Marketing and Information Technology Department of the Ministry of Agriculture and Rural Affairs, forecast the prices of pork and feed raw materials at a press conference.
1, pig prices after a small rise is expected to stabilize the Ministry of Agriculture and Rural Market and Information Technology Director Tang Wei: pig production capacity continued to recover, pork prices fell for three consecutive months, the recent demand-led small rebound.
November, can breed sow stock column has been 6 consecutive months of growth, pig stock column year-on-year growth for 5 consecutive months, is expected to New Year's Day during the Spring Festival pork supply significantly increased compared to the same period last year, pork prices before the Spring Festival by demand may be slightly volatile rise, after the Spring Festival stabilising down.
from the late trend, China's pig production capacity recovery momentum is good this year, next year the domestic market is expected to continue to maintain stability.
especially during the Spring Festival on New Year's Day, the "basket of vegetables" key varieties have sufficient supply and varieties, and there will be no shortage of meat and less vegetables in the bowls of urban and rural residents.
2, corn prices are limited Tang Said, from the current situation, China's total supply of grain and major agricultural products is sufficient, the market operation is basically normal.
the Spring Festival this year, corn prices began to recover.
mid-to-late November, with the increase in corn market volume, prices have loosened, showing a gradual stabilization trend.
current price levels, while at six-year highs, are still below their all-time highs in September 2014.
the main factors driving this year's corn prices continue to rise are three: First, pig production capacity continued to recover, downstream corn feed processing demand is good, corn consumption increased significantly; Second, there is a gap in corn production demand, market bullish expectations increased, capital speculation and traders hoarding increased; Third, corn in some parts of the Northeast due to typhoon collapse, harvest costs per kilogram increased by nearly 2 cents.
monitored by the State Food and Material Reserve Bureau, as of November 30, 11 major producing regions, including Heilongjiang and Shandong, had acquired 34.46 million tons of corn.
This year corn is still a good harvest year, after the price of appropriate increases, farmers grow grain income increased, it is expected that next year the development of corn production enthusiasm will also be improved, based on domestic protection of corn basic self-se rations, there is a solid foundation, corn prices continue to rise significantly is unlikely.
3, soybean prices will remain high in recent years, China's largest imports of agricultural products are soybeans, in November, Shandong region imported soybeans landed after tax price of 1.91 yuan per kilogram, for six consecutive months month-on-month increase, 17% higher than the same period last year.
imports of 92.8 million tons of soybeans in January-November this year, an increase of 17.5% year-on-year, and is likely to exceed 100 million tons for the whole year. since the second half of
, due to adverse weather, production and inventory expectations in the main soybean-producing areas of the United States, South American soybean-producing areas are still dry, sowing has been affected to some, the global soybean production balance is slightly tighter, international soybean prices continue to rise, driving up the cost of imported soybeans in China.
prices mainly depend on the weather in the main producing regions of South America, and are expected to remain high.
feed gap can be solved through international and domestic resource transfer, including corn and barley, sorghum, corn wine dregs and other corn substitutes imported, more measures can be taken to solve our feed grain supply problems.
Under the support of holiday consumption and increased production and circulation costs, it is expected that the overall price of agricultural products will show a trend of seasonal fluctuations, but a large increase is unlikely, need to continue to pay attention to the late low temperature rain and snow weather, the impact of the epidemic on the normal production and marketing of agricultural products.
source: Ministry of Agriculture and Rural Affairs