Does the corn enter bull market of 1 yuan era to push high CPI?
The national corn average price has already topped two yuan per kilogram, has gone up by 26.9% compared with the same period of last year
The mung bean hurricane is still lingering sound unfinished, the price of the corn begins to seek one and rise again. The newest data that the Ministry of Agriculture releases at the end of May show, the third week in May of this year, the national corn average price has already topped two yuan per kilogram, has gone up by 26.9% compared with the same period of last year. The one that merited attention is, 60%-70% are the corn in the feed, so the rise of the price of the corn may be conducted to other products. The corn rise, raise CPI like 2007 then?
Great bull market quotations that the small corn is performed
Since the new corn of last year went on the market, drop in production in corn and policy support, in great demand under the a series of push of positive factor, the stock market price of domestic corn has demonstrated the perfect bull market quotations, the price of producing and selling area creates the all-time new and high continuously.
China store the intersection of grain and the intersection of price and monitoring system reveal will it be February 2009, corn knock-down price fall the intersection of valley and ins and outs in the past two years, 1330 yuan per ton. From March 7 this year, the price of the corn begins the hurricane of No. one, head direct for high point of 2000 yuan from 1762 yuan. Begin at the end of April, the corn average price is nearly creating the historical record every day. In the intersection of producing region and Jiangsu, Sichuan, corn put prices in storage break through 2010 yuan ton. Sichuan grain and oil authorizes for dispatch the centre data to reveal, the supreme price of corn produced in the Northeast has already reached 2190 yuan ton. The spot price of corn still displays the advantage so far in May.
The newest data that the Ministry of Agriculture releases at the end of May show, the third week in May of this year, the national corn average price has already topped two yuan per kilogram, has gone up by 26.9% compared with the same period of last year.
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