Liu Tong has become accustomed to the rise and fall in prices of agricultural products such as pork and vegetables.
As the largest wholesale agricultural product professional wholesale market in Beijing—the person in charge of the statistics department of Beijing Xinfadi Agricultural Products Wholesale Market—Liu Tong has been aware of the rise and fall of agricultural product prices.
On November 4, Liu Tong said in an interview with reporters that the price of pork has dropped significantly since August this year. At present, the average wholesale price of white striped pigs in the new hair market is 9.75 yuan/kg, which is also since May 5. The lowest point. Among them, the average wholesale price of 9.68 yuan / kg of white striped pigs on November 2 was the first time in the past six months to fall back to single digits.
Monitoring data from various departments showed that in the fourth quarter, prices of agricultural products including pork, eggs, and vegetables all fell back to varying degrees.
Industry analysts said in an interview with reporters that the current decline in prices of pork, vegetables, and other agricultural products, and related domestic support policies and reduce circulation costs and other measures have a certain correlation, especially pork prices affected by the policy is particularly evident.
At the same time, although inflationary pressures have been temporarily eased, the long-term factors that have affected the rise in prices have not been eliminated, and future high operating pressures for price levels remain.
It is worth noting that the fall in the prices of agricultural products has also been affected by cyclical factors. Analysts told reporters that in the coming two months, the prices of agricultural products may rebound slightly due to the influence of hikes and seasonal factors.
According to data released by the National Bureau of Statistics on the change in the average price of major foods in 50 cities (October 21-October 30), the prices of seven kinds of vegetables monitored have shown a downward trend compared with the previous cycle. Among them, Chinese cabbage dropped by 10.2%, and celery dropped by 8%. The pork rear hip (Hump) and pork decreased by 1.7% and 1.6% respectively.
Monitoring data from the Ministry of Commerce showed that prices of domestic agricultural products such as vegetables and pork showed a downward trend over the same period. On November 2nd, the monitoring data of edible agricultural products monitored by the Ministry of Commerce showed that the average wholesale price of 18 kinds of vegetables fell by 2.2% from the previous week (the same below) from October 24 to 30. For three consecutive weeks, the cumulative decline of 9.3%. The average wholesale price of 8 kinds of aquatic products decreased by 1%. The price of meat and eggs fluctuates slightly, with pork and eggs dropping by 1% and 0.6% respectively; the price of white broilers has dropped by 0.1%.
The retail price of grain and oil rose steadily, and the prices of rapeseed oil, peanut oil and soybean oil remained unchanged from the previous week.
“According to the statistical data, the pork, aquatic products and eggs have decreased more than the previous month in terms of species. From the weekly point of view, the prices of pork and vegetables have fallen significantly since the second week of October.†In an interview with reporters, Xiaopeng Peng, an agricultural product analyst at the Productivity Promotion Center, said that the decline in the price of vegetables was mainly related to the retreat of holiday factors, while the decrease in pork prices was related to the increase in pig slaughter and supply.
For this round of price declines in agricultural products, Liu Tong believes that due to the high slaughter rate of pigs, it is normal for prices to show a seasonal or periodic decline. Late prices may experience seasonal or periodic recovery.
Industry sources said that the current trend of rising prices of agricultural products has been curbed. However, in December, with the weakening of the influence of “tailwatching†factors, the new price increase factor is more obvious, or there may be a slight rebound.
Regarding the price trend of agricultural products in the next two months, Zhai Xiaopeng said that vegetable prices will continue to increase pressure in the coming two months, but due to the large base last year, the prices will still drop year-on-year.
"December was rather special, but by the end of the year, consumer demand was relatively large." Xiaopeng Peng said.
The Ministry of Commerce anticipates that with the arrival of a large quantity of autumn grains, the gradual recovery of live pig supply, and the increased egg production rate of laying hens, the supply of major agricultural products such as grain, oil, meat, and eggs is basically guaranteed, but due to the strong demand for meat and eggs in winter, it is expected that In the coming period, there will still be slight upward pressure on the prices of agricultural products.
According to industry sources, although the trend of declining inflation has become clearer, the slowdown in inflation has been relatively slow. Coupled with the uncertain external economic environment, China’s inflation warning has not been lifted.
As the largest wholesale agricultural product professional wholesale market in Beijing—the person in charge of the statistics department of Beijing Xinfadi Agricultural Products Wholesale Market—Liu Tong has been aware of the rise and fall of agricultural product prices.
On November 4, Liu Tong said in an interview with reporters that the price of pork has dropped significantly since August this year. At present, the average wholesale price of white striped pigs in the new hair market is 9.75 yuan/kg, which is also since May 5. The lowest point. Among them, the average wholesale price of 9.68 yuan / kg of white striped pigs on November 2 was the first time in the past six months to fall back to single digits.
Monitoring data from various departments showed that in the fourth quarter, prices of agricultural products including pork, eggs, and vegetables all fell back to varying degrees.
Industry analysts said in an interview with reporters that the current decline in prices of pork, vegetables, and other agricultural products, and related domestic support policies and reduce circulation costs and other measures have a certain correlation, especially pork prices affected by the policy is particularly evident.
At the same time, although inflationary pressures have been temporarily eased, the long-term factors that have affected the rise in prices have not been eliminated, and future high operating pressures for price levels remain.
It is worth noting that the fall in the prices of agricultural products has also been affected by cyclical factors. Analysts told reporters that in the coming two months, the prices of agricultural products may rebound slightly due to the influence of hikes and seasonal factors.
According to data released by the National Bureau of Statistics on the change in the average price of major foods in 50 cities (October 21-October 30), the prices of seven kinds of vegetables monitored have shown a downward trend compared with the previous cycle. Among them, Chinese cabbage dropped by 10.2%, and celery dropped by 8%. The pork rear hip (Hump) and pork decreased by 1.7% and 1.6% respectively.
Monitoring data from the Ministry of Commerce showed that prices of domestic agricultural products such as vegetables and pork showed a downward trend over the same period. On November 2nd, the monitoring data of edible agricultural products monitored by the Ministry of Commerce showed that the average wholesale price of 18 kinds of vegetables fell by 2.2% from the previous week (the same below) from October 24 to 30. For three consecutive weeks, the cumulative decline of 9.3%. The average wholesale price of 8 kinds of aquatic products decreased by 1%. The price of meat and eggs fluctuates slightly, with pork and eggs dropping by 1% and 0.6% respectively; the price of white broilers has dropped by 0.1%.
The retail price of grain and oil rose steadily, and the prices of rapeseed oil, peanut oil and soybean oil remained unchanged from the previous week.
“According to the statistical data, the pork, aquatic products and eggs have decreased more than the previous month in terms of species. From the weekly point of view, the prices of pork and vegetables have fallen significantly since the second week of October.†In an interview with reporters, Xiaopeng Peng, an agricultural product analyst at the Productivity Promotion Center, said that the decline in the price of vegetables was mainly related to the retreat of holiday factors, while the decrease in pork prices was related to the increase in pig slaughter and supply.
For this round of price declines in agricultural products, Liu Tong believes that due to the high slaughter rate of pigs, it is normal for prices to show a seasonal or periodic decline. Late prices may experience seasonal or periodic recovery.
Industry sources said that the current trend of rising prices of agricultural products has been curbed. However, in December, with the weakening of the influence of “tailwatching†factors, the new price increase factor is more obvious, or there may be a slight rebound.
Regarding the price trend of agricultural products in the next two months, Zhai Xiaopeng said that vegetable prices will continue to increase pressure in the coming two months, but due to the large base last year, the prices will still drop year-on-year.
"December was rather special, but by the end of the year, consumer demand was relatively large." Xiaopeng Peng said.
The Ministry of Commerce anticipates that with the arrival of a large quantity of autumn grains, the gradual recovery of live pig supply, and the increased egg production rate of laying hens, the supply of major agricultural products such as grain, oil, meat, and eggs is basically guaranteed, but due to the strong demand for meat and eggs in winter, it is expected that In the coming period, there will still be slight upward pressure on the prices of agricultural products.
According to industry sources, although the trend of declining inflation has become clearer, the slowdown in inflation has been relatively slow. Coupled with the uncertain external economic environment, China’s inflation warning has not been lifted.
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