International prices of agricultural products can be repeated Pan Xingao blowout agricultural section.

Wheat futures at home and abroad recently changed the steady trend of rising consecutive Bi Kong style, the U.S. wheat index Friday (August 6) on the probe up to 841.7 cents / bushel, to continue to approach record highs in 2008. Since the price of the recent domestic ale of the same abnormal powerful, full-up on the probe Friday to 2,499 yuan, a record in one fell swoop contract since April 2003 a record high since listing. The recent strength of wheat, from Russia, the world’s major wheat exporting countries due to extreme weather, wheat, or will face significant cuts.

Not only wheat, natural disasters also threaten the domestic front to the indica rice, wheat, sugar crop, and therefore the stimulation of global production, agricultural prices, or will a new round of hike, inflation is expected to result Nongye plate temperature are showing an unprecedented wave of speculation, on August 6, agriculture section is almost a “blowout” market.

Continued to push prices of agricultural products

Recently, Russia, Ukraine, Kazakhstan and the European Union wheat producing areas in some countries experienced sustained high temperature and dry weather in most growing areas led to sharp drop in yield, yield reduction is expected to reach about 30%. International Grains Council recently released a report, for Eastern Europe and Central Asia disaster cut the wheat, the year 2010/2011 is expected global cereal production was 17.53 million tons from last month to reduce 23 million tons, the supply gap has increased to 21 million tons . In addition, experienced heavy rainfall in parts of Canada, the country’s 2010 wheat will be cut by 17% due to pests spread in Australia, there are also cut 30% of the risk. In wheat production is expected, the recent strong domestic and international futures market for wheat fully shown, the U.S. wheat index almost equal to the 2008 historical high price, domestic wheat futures on August 6 is the all-time high record 2,499 yuan.

In addition to recently cut global wheat emergence, the late June, China’s many provinces there are heavy rain weather. According to the Ministry of Agriculture Crop Watch scheduling, as of July 12, Zhejiang, Anhui, Jiangxi, Hubei, Hunan, Chongqing, Sichuan, Guizhou and 8 provinces (cities) because of heavy rain led to 1127.33 thousand hectares of crops affected, including disaster 384.67 thousand hectares, 86.67 thousand hectares crops. Despite the high temperature non-autumn-producing province, the provinces, but if the temperature continued or expanded, will further affect the autumn grain production.

CITIC Securities said the world wheat-than-expected rate cut, the current weather in growing areas still no signs of improvement in some major wheat producing countries following the cut, the future of food production there are other possible cut tolls. On the other hand, cut the anticipation of the affected countries in order to protect their food supply, the late introduction of the policy may limit the export of (Russia has announced that the next six months ban food exports), which would exacerbate tensions in the international food supply situation.

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