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Domestic Hot Money Speculation Pushes Garlic Export Prices Higher, And Agricultural Product Regulation Is Absent.

2010/5/15 9:50:00 29

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Domestic speculators frantically hyped garlic and led to an increase in garlic export prices. According to customs statistics of Qingdao, Shandong port exported 383 thousand tons of garlic and its products in the first 4 months, down 24.2% from the same period last year, but the export price increased 1.7 times and the total export volume reached 520 million US dollars.

According to Qingdao customs, the price of garlic in China continued to boom in 2009 this year. In the early May, the wholesale price of garlic in some garlic production base cold storage reached a historical high of 9000 yuan / ton.

According to customs analysis, the price of garlic has continued to soar. On the one hand, due to the "late spring cold" weather, garlic production in Shandong, Henan, Hebei and other main producing areas has been seriously cut down and the listing date has been postponed. On the other hand, hot money has been used to promote garlic and other agricultural products in hot spring and low temperature theme this spring. Despite the recent listing of fresh garlic, garlic's price rise has been suppressed, but it remains at a high level.

Customs analysts said that the high expectations of garlic prices caused some dealers to hoarse and compete for goods. In the past years, after the listing of fresh garlic, dealers began to buy, but this year, in order to rush to buy the goods, dealers directly contracted the farmers' Garlic land and paid the lump sum, which directly contributed to the price of garlic.

China is the largest garlic exporter in the world. In 2009, China exported 1 million 500 thousand tons of garlic, accounting for about 75% of the world's garlic exports. However, customs pointed out that China's lack of pricing power for the garlic market was not matched by the fact that most of the profits were earned by international merchants.

The national development and Reform Commission also responded to the recent surge in garlic prices. The NDRC said that it would guide price authorities at all levels to strengthen commodity price monitoring and warning for abnormal fluctuations or abnormal fluctuations of garlic, mung beans and capsicum, and take relevant measures in time to curb the unreasonable rise in prices of individual varieties, and crack down on malicious speculation and hoarding behavior in accordance with the law.

Prices of garlic, green beans and chili and other agricultural products have risen sharply this year. For example, the monitoring information of the Beijing Yuquanlu Road grain and oil wholesale market shows that last year, five yuan per kg of mung beans reached eighteen of the highest level this year.

The rise in garlic prices is even more alarming. "Crazy garlic" has become the focus of the society for a while. Just a few months later, garlic prices in Shandong increased again in April. Some places even surpassed the price of meat. There is growing doubt in the society that the supervision of agricultural speculation is almost blank.

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