BEIJING, Aug. 20 /PRNewswire-Asia/ -- Frbiz.com, one of China's leading B2B search platforms, analyzes Chinese food price market trends.
Frbiz analyzes that in just one month's time, soybean oil, palm oil, and rapeseed oil futures rose about 1000 RMB/ton, corn rose 100 RMB/ton, wheat rose 200 RMB/ton, and sugar rose 400 RMB/ton. Frbiz points out that, inside and outside factors caused food and related agricultural products prices to rise exceeding expectations.
Global wheat prices have a great affect on Chinese food price market trends. In 2010, the global wheat production dropped from 676 million tons to 651 million tons, especially because of droughts and significantly reduced wheat production. Russia stopped exporting wheat, as the international food prices rose dramatically. Global wheat prices since June have risen up to 50 percent.
Facing the rising global food prices, Chinese food price pressure will increase. As the import scale unceasingly expands, the input price pressure continues increasing, including for food and agricultural products under state regulation, pressures will step up.
Frbiz analyzes that this year food supplies tightened in the international and Chinese markets, which brings considerable influence on food market price trends.
Frbiz explains that elevated food prices have two causes: One is due to this year's abnormal weather conditions, causing reduced food production. Second is the Chinese price overall shows an ascendant trend, and further elevation of food prices is strongly expected.
Rising food prices have a big impact on China. At the same time, food is the most basic industrial product, with a long supply chain involving many industries, which have great impact on people's lives. Overall, China's grain production exceeds consumption volume, so this isn't a sufficient reason for food prices rising. At present, the most important thing is to prevent the price cuts from expanding to other regions; to prevent abnormal weather from becoming a market speculating tool.
About Frbiz.com
Frbiz.com is a promising e-commerce company and a leading vertical search engine company in China. Frbiz.com offers a variety of high quality products (http://www.frbiz.com/products/ ) such as Sony VGN UX280P (http://www.frbiz.com/q-sony_vgn_ux280p/ ), MAC G4 memory (http://www.frbiz.com/q-mac_g4_memory/ ), aluminium scaffold towers (http://www.frbiz.com/q-aluminium_scaffold_tower/ ) and many more.
For more information, please contact: www.frbiz.com Tel: +86-10-6556-9770 Email: [email protected]
SOURCE Frbiz.com
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article