The price of the international grain and oil "vegetable basket" is rising, how can China "stabilize ...

Recently, affected by the rising international food prices, the prices of some types of grain, oil and "vegetable basket" products in many farmers' markets in China have also fluctuated and increased, especially the price of flour and soybean oil

"In the past two weeks, flour has risen very quickly.

Data from the official website of the Development and Reform Commission of many places shows that since late February, flour prices in many places have risen to varying degrees

Experts pointed out that this round of higher grain and oil prices is mainly due to international factors: on the one hand, it is affected by the continuous rise in international grain prices since last year, and on the other hand, it is affected by the current situation in Russia and Ukraine

"The recent rise in the prices of domestic flour, wheat, soybean oil and other agricultural products is mainly related to the international situation

In recent years, affected by factors such as the new crown pneumonia epidemic and extreme weather, international food prices have continued to rise, reaching a new high in the past ten years by the end of last year

China's wholesale price index for grain and oil products rose to 116.

In addition, the recent spread of the epidemic in China, coupled with rising oil prices, has pushed up transportation costs, and vegetable prices have also risen in some places, especially in the south

Li Guoxiang said that recently, affected by factors such as the international situation, the spread of the epidemic, rising crude oil prices and speculation, the prices of some domestic agricultural and sideline products have risen

China's Ministry of Commerce spokesman said on March 17 that on the 16th, grain prices in wholesale markets in 36 large and medium-sized cities rose by 0.

Regarding wheat and flour whose prices have risen rapidly recently, Li Guoxiang said that the rise in domestic wheat prices was not only affected by international prices, but last year China's late planting of some wheat also raised the market's expectations for wheat prices

With the rise in international soybean prices, China's soybean import costs have increased, pushing the prices of soybean oil and soybean meal higher

In response to the future trend of soybeans and soybean oil, Wang Liaowei, senior economist of the National Grain and Oil Information Center, said that the sown area of ​​soybeans in the United States is expected to increase in the new season, the harvesting progress of soybeans in South America is accelerating, the number of short-term supply markets will increase, and the possibility of a correction in international soybean prices will increase

In order to stabilize the supply of "vegetable baskets" of agricultural products, commercial departments across China have recently introduced measures to strengthen the supply of important agricultural products, smooth transportation channels, crack down on price gouging, and ensure that market prices are basically stable

For example, Jilin City implements the daily monitoring and daily reporting system of daily necessities market supply, organizes the supply of goods through multiple channels, starts green channels, and strengthens the protection of important living materials such as vegetables, rice, flour, oil, meat, eggs and milk; Emergency plan for the supply of necessities" to meet the daily basic needs of residents in special circumstances such as the epidemic

The Ministry of Commerce of China said a few days ago that it will closely follow the relevant situation of market supply guarantee in key areas of epidemic prevention and control, take timely and targeted measures, and do a good job in the "last mile" and "last 100 meters" terminal distribution of daily necessities

Looking forward to the trend of grain prices in the later period, Li Guoxiang said that although the situation in Russia and Ukraine will bring some uncertainty to international grain prices, China's grain supply is generally sufficient.
In the next few months, there will be more room for manoeuvre in China's grain prices
.