Review of corn price fluctuation in China in recent years

Introduction: with the growth of population and the improvement of per capita income, the production and consumption of animal food in China has shown a sustained and rapid growth trend According to the data released by the National Bureau of statistics, China's total meat output in 2000 reached 62.7 million tons, an increase of 5.4% over 1999, including 50 million tons of pork, beef and mutton, an increase of 5% With the rapid development of animal husbandry and feed industry, feed grain consumption is increasing year by year Corn accounts for the largest proportion of feed grains With the popularization of modern breeding technology and the development of large-scale breeding, the proportion of corn processed into compound feed in feed is increasing, and the proportion of corn directly used as feed will decrease China's corn production is mainly concentrated in the three northeastern provinces, Shandong, Hebei, Henan and Inner Mongolia, accounting for 68% of the country's total corn production In addition to the consumption and transformation of the region itself, there are still a lot of surplus However, the breeding industry and feed processing industry in the south are relatively developed, such as Guangdong, Jiangsu and other provinces, which have strong corn processing capacity However, the corn production in the south is very limited, which needs to be supplemented by a large amount of corn transferred from the northeast When corn harvests in high yield, the farmers' difficulty in selling grain and the decrease of grain price due to the influence of price, market demand and storage capacity, etc have damaged the interests of food and agriculture in the main production areas However, when corn is in poor harvest, due to the regional blockade and the unstable supply of feed grain in the sales area, it will be difficult to buy grain and the price of grain will rise, and the benefit of feed enterprises and breeding industry will be affected In addition, the development of animal husbandry and feed industry fluctuated greatly between the years, and the market demand for corn fluctuated obviously, which led to the sharp fluctuation of corn price in China in recent years Domestic corn prices have been rising continuously since October 1994, and the rising trend has continued until the end of April 1995 The price of corn in Zhengzhou grain wholesale market in April 1995 was 69% higher than that in April 1994 For this reason, the State Grain Reserve Bureau used reserve corn twice in the spring of 1995 to stabilize the market price and achieved obvious results On the whole, corn prices in 1995 have been at a high price While the domestic corn price is rising, the international market corn price is falling, and some southern provinces turn to import corn In addition, in order to balance the demand, the country stopped exporting corn In 1995, China imported 5.18 million tons of corn and exported only 110000 tons, easing the contradiction between supply and demand in the domestic corn market In 1996, the main corn producing areas in China had a good harvest The price of corn continued to fall from the beginning of the year to the bottom in July The market price of some parts of the major provinces even fell to about 800 yuan / ton It was not until October that the state stressed the importance of open purchase at the protection price that the price of corn stopped falling and became stable In October, the price of corn rose to 1324 yuan / ton In November, the average market price in China was stable at 1313 yuan / ton In 1997, the general situation of corn market price was falling first, then rising and then stabilizing The average market price in January 1997 was 1172 yuan / ton, down 8.96% in June In the first five months of 1997, the average price of corn market in Hebei, Shanxi, Henan and Jilin was 1040 yuan / ton Corn prices continue to hover at low prices After experiencing the declining trend of prices in the first half of the year, the corn market began to recover from the decline in July 7 In August and September, the average transaction prices of corn in the major grain and oil wholesale markets were 1070 yuan, 1193 yuan and 1287 yuan per ton respectively In 1997, the average price of corn was 1182 yuan, 19.21% lower than that of 1463 yuan in 1996 In 1998, the domestic corn market was well supplied with stable prices At the beginning of the year, the corn market was affected by the end of 1997, and the price was low Taking the price of Jilin grain wholesale market as an example, the price of corn at the beginning of 1998 was only about 1160 yuan per ton At the end of May and the beginning of June, the four provinces and regions of Northeast Inner Mongolia jointly took action to set the lowest selling price of corn in the third quarter of 1998 as 1200 yuan per ton for second-class corn and 1160 yuan per ton for third-class corn As the inventory of corn in four provinces and regions accounts for 3 / 4 of the whole country, this price limit measure has played a positive role in promoting the price of corn in the national market The domestic corn market price is basically stable at 1350 yuan per ton After October, because the purchase price and protection price of four provinces in Northeast Inner Mongolia decreased by 0.04 yuan / kg respectively, the purchase price of corn in Hebei, Henan, Shandong and other major corn producing provinces decreased by 0.08 yuan / kg, the national corn market price began to fall again In 1999, the national purchase price of corn was 0.87 yuan per kilogram, which was greatly reduced While the purchase price of corn is down, the market price of corn is lower In the first half of 1999, the price of domestic corn has been declining By June, the national corn market price was 1140 yuan / ton In the first half of 2000, the average price of domestic corn market was 892 yuan / ton, down 24.10% from 1175 yuan in the same period of last year The contradiction between supply and demand is still prominent, and the overall price is declining The production area has dropped from 841 yuan / ton in January to 769 yuan / ton in May; after entering the late May, the domestic corn price has finally recovered after more than four years of continuous decline Since the second half of 2000, under the influence of factors such as the decrease of planting area, the decrease of output, the increase of consumption and export, the price of domestic corn market has continued to rise Especially in December, when the new corn was massively listed, the price of corn has risen instead of falling In less than one month, the price of domestic corn has risen by more than 100 yuan per ton The corn market began to get rid of the long-term downturn and the price gradually rose (author:) share to feed Weibo share to: