Russian experts say food prices have a significant impact on inflation, the proportion of Russia’s inflation is now 5% or 6%, inflation was forecast to 9% in Russia, but the forecast is wrong, or at least premature

Russian Prime Minister Dmitry Medvedev, 12, local time in Rostov City to participate in government agricultural conference that Russia has recently experienced a severe drought caused crop failures 1 / 4, and many farms are struggling on the edge of bankruptcy.

Russian Federal Service for Hydrometeorology and Environmental Monitoring Service (Roshydromet) official said that Russia is not the August rains. To harvest, the crop yield will be reduced by 30%.

This year by the end of June to early August, the Russian part of the region continued to face unusual heat and dry weather, forest fires arising from the wind, spread to the Russian Central Federal District and along the Volga Federal District, 17 states and the Republic. Fire ravaged area of 19.6 hectares, tolls at least 53 people dead and 500 injured.

August 12, RIA Novosti invited Russian Academy of Sciences Institute of National Economic Forecasting of economic analysis and forecasting of natural and technological risks, Boris Porfili Nazarbayev Laboratory Director, Deputy Director, Institute of Atmospheric Physics, Russian
Alexander Ginzburg, etc. analysis of recent natural disasters as the impact of Russia.

According to the Russian agricultural sector statistics, the high temperature and caused a fire to make Russia more than 10.2 million hectares of crops crops, crop acreage equivalent to the national one-fifth. Wheat production is expected this year from 62 million tons last year decreased by 27% to 45 million tons. Russia’s grain output this year is a foregone conclusion.

Russian Prime Minister Vladimir Putin announced on the 5th, in order to reduce domestic market prices of cereals, from August 15 to December 31 period, Russia will suspend wheat, barley, rye and corn flour and other food crops and export，Hope that the disaster quickly in the past.

Facing a serious situation, Boris Porfili Nazarbayev believes that the continuing hot weather really great impact on the Russian economy, not only the temperature is high, and there is no precipitation, but “full of contradictions that impact.” “Because of this situation in forestry, water conservancy, agriculture and other sectors sensitive to weather-impact, but the drinks, ice cream, air conditioning sales are very impressive.”

Russia’s grain output 97 million tons last year, an estimated 60 million tons this year, cut serious, the international grain market has responded to this. Russian wheat prices may be going up to 180 dollars per tonne, the future is likely to rise again. The status of the Russian food production will push global wheat prices 62%，Data on all the reasons.

“Food prices have a significant impact on inflation, the proportion of Russia’s inflation is now 5% or 6%, inflation was forecast to 9% in Russia, but the forecast is wrong, or at least premature.”the face of natural disasters on the agricultural economy, the state has its own response, “Russia has made 9.5 million tons of wheat reserves.”

Words of good old Chinese saying, Food is, I hope this disaster too quickly.

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