She said that in 2010 there were many natural disasters. Xinjiang, which is the main cotton producing area, and the middle and lower reaches of the Yangtze River were affected. The overall output is not optimistic. It is expected that the output will be reduced by 5% compared with 2009, which further boosted the cotton price trend. Bureau of Statistics data show that in 2009 the country’s cotton production was 6.4 million tons, which was 14.6% lower than in 2008.
She said that recently, the prices of some agricultural products have skyrocketed. In addition to weather factors and output setbacks, there is also a basic formation of inflation expectations and speculations on the use of hot money. After the market followed a wide range of products such as mung beans, cotton, and garlic, which were hotly debated, due to tight demand, recent Chinese apple prices have also begun to skyrocket.
At present, the retail price of ordinary Red Fuji apples has risen from 2.6 yuan per catty to 5 yuan per cat when it was cheaper in 2009. In this regard, she said that Apple's price increase is a very peculiar phenomenon, because Apple's supply is basically balanced, the main factor of this price increase is that Apple is a small variety of products, easily favored by hot money, but its excessive price In the absence of major changes in overall supply and demand, I am afraid that it will be difficult to maintain and eventually fall.
Dialects say that for important basic agricultural products, to maintain their prices stable, stable production is extremely important. After the National Day, domestic prices of bulk agricultural products have risen sharply. From the perspective of the futures market, wheat futures prices have risen by approximately 10% from June to the National Day, and have risen by 7% since the National Day. The pace of the increase has accelerated noticeably. On October 27th, it has created a high price of 2,755 yuan/ton. Sugar prices have risen since June and have risen by about 16% before the National Day. The increase after the National Day holiday is already close to 20%. The cumulative increase in cotton prices from July to the National Day is about 30%, and the national day Less than three weeks later, the cumulative increase also reached 30%.
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