Price of main agricultural products in international market in the first half of the year

Introduction: according to our monitoring, in 2001, the prices of grain, cotton, oil, sugar and other major agricultural products in the international market were mostly kept at low prices On the basis of the overall decline in prices in the previous few years, the prices of some varieties showed a rising trend, while the prices of other agricultural products were hard to stop the decline Among the main grain varieties, the price of wheat came out of the trough, while the price of corn, rice and soybean continued to fall; among the main edible vegetable oil varieties, except the price of rapeseed oil rose, the price of other varieties continued to fall; the price of cotton fell sharply, and the current price has been the lowest in 15 years Sugar prices continued to pick up, returning to their highest level in three years in June 2001 The specific situation is as follows (calculated according to the actual exchange rate of each month): (1) the price of main grain varieties is still running at a low level, and the price of wheat is out of the trough, while the price of corn, rice and soybean continues to fall 1 Wheat In 2001, the price of wheat in the international market rose steadily Although there were some fluctuations during this period, the price recovery of wheat is still remarkable under the condition of the general downturn of agricultural product prices In the first half of this year, the average spot price in the international market was 1132 yuan / ton (U.S No.1 hard red winter wheat, export price in the Gulf region), up 23% year on year, and the prices in each month were generally higher than last year As of the end of June, the price of wheat was 1096 yuan / ton, down 7% from the beginning of the year and up 13% from the same period last year 2 The price of corn and corn has been declining for four consecutive years In the first half of this year, the price of corn and corn has maintained this trend, and the international market price has fallen month by month In the first half of the year, the average price was 738 yuan / ton (US No.2 yellow corn, export price of the Gulf region), down 5% year on year By the end of June, the price had dropped to 690 yuan / ton, down 13% from the beginning of the year and 1% from the same period last year The current price is close to the lowest level in history 3 The price of rice and rice has maintained the momentum of continuous decline in the first four years, and the lowest price in history has been set month by month in the first half of this year In the first half of this year, the average spot price in the international market was 1243 yuan / ton (including 25% of scrap price, FOB Bangkok price), down 25% year on year As of June, the price dropped to 1161 yuan / ton, the lowest level in history, down 14% from January and 24% from the same period last year 4 In 2000, soybean prices rose after three years of continuous decline However, in 2001, spot soybean prices in the international market (U.S soybean No.1, export prices in the Gulf region) began to fall again The average price in the first half of this year was 1489 yuan / ton, down 7% year on year From January to April, soybean prices dropped month by month In April, the price dropped to the low price of 1401 yuan / ton, which was only higher than July 1999, the second lowest price in history From May to June, the price rebounded As of June, the soybean price in the international market was 1515 yuan / ton, down 5% from the beginning of the year and 7% from the same period last year (2) among the main varieties of edible vegetable oil, the price of rapeseed oil has rebounded, and the prices of soybean oil, peanut oil and palm oil have continued to decline 1 The average spot price of soybean oil in the first half of the year was 2585 yuan / ton (Dutch factory delivery price), down 12% year-on-year, and the prices of each month are lower than the same period of the previous year In the first half of this year, the price of soybean oil is still in the low price zone, fluctuating in the range of 2500-2600 yuan / ton, with a small fluctuation range In April, soybean oil prices dropped to an all-time low of 2426 yuan / ton As of June, the price of soybean oil was 2658 yuan / ton, up 5% from the beginning of the year and down 3% from the same period last year 2 From January to April this year, the price of rapeseed oil in the international market (ex works price in the Netherlands) rose steadily, reaching the highest price of 3167 yuan / ton since 2000 in April In the following two months, the price dropped As of the end of June, the price was 3050 yuan / ton, up 9% from the beginning of the year, up 7% from the same period last year In the first half of the year, the average spot price in the international market was 2987 yuan / ton, down 9% year on year, and the prices in each month were lower than that in the same period of last year 3 The average spot price of peanut oil in the international market in the first half of the year was 5751 yuan / ton (CIF Rotterdam), down 9% year-on-year, and the prices of each month were lower than the same period of last year In the first half of the year, the price fluctuated slightly From January to may, the price fluctuated slightly at about 5760 yuan In June, the price dropped to 5681 yuan / ton, 1% lower than the beginning of the year and 4% lower than the same period last year 4 In the first half of the year, the average spot price of palm oil in the international market was 2014 yuan / ton (CIF European market), down 28% year on year The price of each month is lower than that of the same period of last year Prices fell in the first half of the year In May, the price dropped to the lowest level since 1997, to 1854 yuan / ton, down 12% from January and 30% from the same period last year The price in June was 2085 yuan / ton, 1% lower than that in January, 19% lower than that in the same period of last year, and 65% lower than that in May 1998, the highest price period (3) the price of cotton dropped significantly The price of cotton continued to rise in 2000 and reached the highest price since 1999 in December of that year In 2001, influenced by the slowdown of economic growth in major developed countries, cotton prices fell month by month As of June, international cotton prices (UK cotton outlook a index) had fallen to the lowest point in 15 years The price in June was 8703 yuan / ton, down 26% from the beginning of the year and 20% from the same period last year In the first half of the year, the average price was 10015 yuan / ton, down 3% year on year (4) the price of sugar is still at a high level, but it fluctuates greatly between months In June, the price of sugar reached the highest level in recent years In June 2001, the spot price of sugar was 2296 yuan / ton (FOB contract 5 in London market), 11% higher than the beginning of the year and 18% higher than the same period last year In the first half of the year, the average price was 2045 yuan / ton, up 43.29% year on year From January to March this year, the price of sugar continued to fall slightly, falling to the current lowest point of 1884 yuan / ton in March; from April to June, the price picked up rapidly, and by June, the price had risen to the highest point since March 1998