“Scallions, Garlic,†“Beans, You Play,†“Ginger, Your Army,†“No Eggs,†China’s agricultural market has got a roller coaster, garlic, mung beans, ginger, and eggs. These common ingredients on the dinner table are bullish. Staged price rise dramas, the way people ridicule express their frustration at skyrocketing prices.
According to the information released by the Ministry of Commerce of the People's Republic of China, the average wholesale price of 18 kinds of vegetables monitored in July rose by 49.7% year-on-year. In Zhejiang, the situation of a substantial increase in the prices of agricultural products also exists. According to statistics, in July, food prices in Zhejiang increased by 7.9%, an increase of 1.3 percentage points from the previous month. Among them, the price of fresh vegetables rose by 35.5%.
Grow up ginger prices for agricultural products has become another "dark horse"
The reporters found in several farmers' markets in Hangzhou City, Tsui Court, and Zha Nongkou, that the price of ginger ranges from 7-8 yuan per catty. The price of garlic is still at a high of 9-10 yuan per catty. "I remember that the total amount of onion, ginger and ginger was less than $1 each time. However, the price of buying ginger can now buy an eel to buy, and vegetables need to be tempered..." Such complaints about the rise of vegetables are invariably heard.
According to the national system of agricultural and sideline products and agricultural materials price monitoring, the prices of ginger in retail markets in major cities in China have risen for 35 consecutive days. From the initial 4 yuan to more than a pound, they have risen to more than 7 yuan, and some even as high as 10 yuan. Diversified. Statistics from the Information Center of the Beijing Municipal Bureau of Agriculture indicate that since the Spring Festival, the price of ginger has remained high, and the price of ginger has hit the highest level since 1992.
The reporter learned that last week, the retail price of ginger in major farmer's markets in Hangzhou was 8 yuan per catty. Fortunately, ginger is not as huge as other vegetables, so the impact of current prices on consumers is not obvious.
The price of vegetables such as garlic and ginger soared, and the price of watermelon, which was also a necessity for the summer, was not far behind and had a larger increase compared to last year.
Zhou Hansheng, head of Huarun Wanjia fruit purchasing, once told the media that this year's watermelon in the supermarket was sold at a price of 1.2 yuan/kg, and the retail price was 1.3 yuan or 1.4 yuan. It was impossible to see watermelon of 1 yuan per catty last year. The affordable summer fruits are gone.
“The most fundamental reason for the price increase of agricultural products should be the shortage of supply in the process of China’s urbanization. The current, more direct reason is excessive currency.†Professor Xu Qingming of Zhejiang University believes that the price increase of agricultural products is related to the process of urbanization.
However, an industry source claimed that the price increase of agricultural products was caused by many reasons. Natural disasters have been frequent this year. The output of some agricultural products has dropped, and the cost of planting has increased. Among them, the prices of mungbeans, watermelons, and other agricultural products have risen, and the increase in summer consumption is the main reason. On the other hand, the influx of large amounts of private capital into the agricultural product market has also contributed to its price increase.
When you sing me off the debut of capital market speculation, “After garlic, mung bean, ginger, and eggs rise, as long as the funds are sufficient, there will be prices for other agricultural products in the next step. But the speculative agricultural products have a relatively easy to store common Characteristics.†Mr. Chen, who is engaged in the wholesale of agricultural products in Laiwu City, Shandong Province, believes that although the price increase of agricultural products this year is more related to natural disasters, overall, market capital speculation is the main factor driving its price soaring.
Laiwu, the "Hometown of Ginger," has long been a bridgehead for public speculators in mid-June. In fact, the ginger bought by the vendors did not all go away. Instead, they were stored in local warehouses. At the time of some soaring ginger prices, some merchants even sold local cash on the local wholesale market and sent them to foreign vegetables. The profits of the wholesale market are undoubtedly more abundant. In addition, the demand for agricultural products is roughly constant and the elasticity is very small. If the year of non-acceptance is met, the reasons for speculation are even more powerful. If the demand in the international market has grown at this time, the intensification of contradiction between supply and demand will further boost prices, which is bound to encourage speculators to obtain windfall profits.
“The current nature of speculation in China's agricultural market is that huge profits have been captured by middlemen in the circulation sector, while farmers as primary producers have not obtained profits. All this requires the government to do a reasonable job of guiding excessive investment in funds and do a good job of agricultural products. Market norms, at the same time, should also provide subsidies for farmers who have long-term, low-yield agricultural production, so that farmers can stabilize production, supply stable agricultural products, and strengthen regulation in the circulation, and severely disrupt market order. Investigation by industry observer Chen Jianwen .
It is understood that in 1997, China's "Criminal Law" removed the "crime of rebellion", its purpose is to break away from the original highly rigid planned economy era, encourage businessmen to invigorate the economy, establish the circulation of goods and market economic order. Chen Jianwen explained that at that time, while accelerating economic development, it had caused large amounts of capital to enter the circulation of agricultural products, resulting in a flexible and non-binding commodity circulation.
The "house slaves" changed to "vegetable slaves" experts said that the call for the start of the legislative process of soaring vegetable prices has aroused the attention of the government's functional departments. On August 18, Premier Wen Jiabao of the State Council presided over the State Council executive meeting and pointed out that vegetable prices were ups and downs, and pointed out that it was necessary to adopt more targeted measures based on the full play of the role of the market mechanism to further promote vegetable production and protect the market. Supply and prices are basically stable.
The central government department aims to ensure price stability, but the current market situation is contrary to it. Some experts bluntly stated that after the regulation of the real estate market, private capital appeared to have converged and did not dare to blindly enter the housing market.
At the same time, natural disasters have frequently occurred in China this year, which has led to a reduction in the production of some agricultural products and a reduction in the area planted. Inconspicuous agricultural products such as garlic, mung beans and ginger have become the new darling of a large number of private capital markets. The international market for commodities, such as grain, is further "financialized." A large number of "hot money" speculations on agricultural products futures have amplified the volatility of international food prices in a certain period of time and are becoming a new "battlefield" for capital speculative "hot money."
In this regard, lawyer Yin Fuqiang of China Lawyers Elite Network Consulting Co., Ltd. said in an interview with reporters that whether it is high prices or the garlic, beans, and ginger of latecomers all have one thing in common, that is, they are all ordinary people. The products that are closely related to life, which are the necessities of the people's lives, are the most interesting products for investors.
Yin Fuqiang believes that the reason for the soaring price of some agricultural products is mainly because the relevant departments have too little control capacity. At present, the central government's policy of curbing rising vegetable prices requires local and related agencies to implement it. If implementation fails, the final policy of the Central Government will inevitably be reduced to a slogan.
The above sources suggested that the current government departments should start the "Anti-profiteering Act" legislation as soon as possible. In addition, at the same time, the legislation must strengthen the restrictions on the inaction of related functional departments, and the supervision of the ineffectiveness of the relevant functional departments must also be started simultaneously. Only in this way can we avoid the current stage of intensifying profits and speculations.
According to the information released by the Ministry of Commerce of the People's Republic of China, the average wholesale price of 18 kinds of vegetables monitored in July rose by 49.7% year-on-year. In Zhejiang, the situation of a substantial increase in the prices of agricultural products also exists. According to statistics, in July, food prices in Zhejiang increased by 7.9%, an increase of 1.3 percentage points from the previous month. Among them, the price of fresh vegetables rose by 35.5%.
Grow up ginger prices for agricultural products has become another "dark horse"
The reporters found in several farmers' markets in Hangzhou City, Tsui Court, and Zha Nongkou, that the price of ginger ranges from 7-8 yuan per catty. The price of garlic is still at a high of 9-10 yuan per catty. "I remember that the total amount of onion, ginger and ginger was less than $1 each time. However, the price of buying ginger can now buy an eel to buy, and vegetables need to be tempered..." Such complaints about the rise of vegetables are invariably heard.
According to the national system of agricultural and sideline products and agricultural materials price monitoring, the prices of ginger in retail markets in major cities in China have risen for 35 consecutive days. From the initial 4 yuan to more than a pound, they have risen to more than 7 yuan, and some even as high as 10 yuan. Diversified. Statistics from the Information Center of the Beijing Municipal Bureau of Agriculture indicate that since the Spring Festival, the price of ginger has remained high, and the price of ginger has hit the highest level since 1992.
The reporter learned that last week, the retail price of ginger in major farmer's markets in Hangzhou was 8 yuan per catty. Fortunately, ginger is not as huge as other vegetables, so the impact of current prices on consumers is not obvious.
The price of vegetables such as garlic and ginger soared, and the price of watermelon, which was also a necessity for the summer, was not far behind and had a larger increase compared to last year.
Zhou Hansheng, head of Huarun Wanjia fruit purchasing, once told the media that this year's watermelon in the supermarket was sold at a price of 1.2 yuan/kg, and the retail price was 1.3 yuan or 1.4 yuan. It was impossible to see watermelon of 1 yuan per catty last year. The affordable summer fruits are gone.
“The most fundamental reason for the price increase of agricultural products should be the shortage of supply in the process of China’s urbanization. The current, more direct reason is excessive currency.†Professor Xu Qingming of Zhejiang University believes that the price increase of agricultural products is related to the process of urbanization.
However, an industry source claimed that the price increase of agricultural products was caused by many reasons. Natural disasters have been frequent this year. The output of some agricultural products has dropped, and the cost of planting has increased. Among them, the prices of mungbeans, watermelons, and other agricultural products have risen, and the increase in summer consumption is the main reason. On the other hand, the influx of large amounts of private capital into the agricultural product market has also contributed to its price increase.
When you sing me off the debut of capital market speculation, “After garlic, mung bean, ginger, and eggs rise, as long as the funds are sufficient, there will be prices for other agricultural products in the next step. But the speculative agricultural products have a relatively easy to store common Characteristics.†Mr. Chen, who is engaged in the wholesale of agricultural products in Laiwu City, Shandong Province, believes that although the price increase of agricultural products this year is more related to natural disasters, overall, market capital speculation is the main factor driving its price soaring.
Laiwu, the "Hometown of Ginger," has long been a bridgehead for public speculators in mid-June. In fact, the ginger bought by the vendors did not all go away. Instead, they were stored in local warehouses. At the time of some soaring ginger prices, some merchants even sold local cash on the local wholesale market and sent them to foreign vegetables. The profits of the wholesale market are undoubtedly more abundant. In addition, the demand for agricultural products is roughly constant and the elasticity is very small. If the year of non-acceptance is met, the reasons for speculation are even more powerful. If the demand in the international market has grown at this time, the intensification of contradiction between supply and demand will further boost prices, which is bound to encourage speculators to obtain windfall profits.
“The current nature of speculation in China's agricultural market is that huge profits have been captured by middlemen in the circulation sector, while farmers as primary producers have not obtained profits. All this requires the government to do a reasonable job of guiding excessive investment in funds and do a good job of agricultural products. Market norms, at the same time, should also provide subsidies for farmers who have long-term, low-yield agricultural production, so that farmers can stabilize production, supply stable agricultural products, and strengthen regulation in the circulation, and severely disrupt market order. Investigation by industry observer Chen Jianwen .
It is understood that in 1997, China's "Criminal Law" removed the "crime of rebellion", its purpose is to break away from the original highly rigid planned economy era, encourage businessmen to invigorate the economy, establish the circulation of goods and market economic order. Chen Jianwen explained that at that time, while accelerating economic development, it had caused large amounts of capital to enter the circulation of agricultural products, resulting in a flexible and non-binding commodity circulation.
The "house slaves" changed to "vegetable slaves" experts said that the call for the start of the legislative process of soaring vegetable prices has aroused the attention of the government's functional departments. On August 18, Premier Wen Jiabao of the State Council presided over the State Council executive meeting and pointed out that vegetable prices were ups and downs, and pointed out that it was necessary to adopt more targeted measures based on the full play of the role of the market mechanism to further promote vegetable production and protect the market. Supply and prices are basically stable.
The central government department aims to ensure price stability, but the current market situation is contrary to it. Some experts bluntly stated that after the regulation of the real estate market, private capital appeared to have converged and did not dare to blindly enter the housing market.
At the same time, natural disasters have frequently occurred in China this year, which has led to a reduction in the production of some agricultural products and a reduction in the area planted. Inconspicuous agricultural products such as garlic, mung beans and ginger have become the new darling of a large number of private capital markets. The international market for commodities, such as grain, is further "financialized." A large number of "hot money" speculations on agricultural products futures have amplified the volatility of international food prices in a certain period of time and are becoming a new "battlefield" for capital speculative "hot money."
In this regard, lawyer Yin Fuqiang of China Lawyers Elite Network Consulting Co., Ltd. said in an interview with reporters that whether it is high prices or the garlic, beans, and ginger of latecomers all have one thing in common, that is, they are all ordinary people. The products that are closely related to life, which are the necessities of the people's lives, are the most interesting products for investors.
Yin Fuqiang believes that the reason for the soaring price of some agricultural products is mainly because the relevant departments have too little control capacity. At present, the central government's policy of curbing rising vegetable prices requires local and related agencies to implement it. If implementation fails, the final policy of the Central Government will inevitably be reduced to a slogan.
The above sources suggested that the current government departments should start the "Anti-profiteering Act" legislation as soon as possible. In addition, at the same time, the legislation must strengthen the restrictions on the inaction of related functional departments, and the supervision of the ineffectiveness of the relevant functional departments must also be started simultaneously. Only in this way can we avoid the current stage of intensifying profits and speculations.
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