The Agricultural Product Speculation Has Cooled Down, And Three Ministries And Commissions Have Achieved Initial Success.

The crazily rising mung bean and garlic prices finally started to "burn down".

In June 3rd, the "China Times" reporter saw in the Yuquanlu Road market that the wholesale price of mung beans has dropped to around 14 yuan per kilogram, and the wholesale price of the new garlic has just dropped to 5 yuan per kilogram.

"The sudden drop in prices is obviously under the pressure of regulation and control.

Li Dage, a new grain wholesaler in Beijing, told the newspaper reporter.

Li Dage's regulation refers to the special action taken by the national development and Reform Commission, the Ministry of Commerce and the State Administration for Industry and Commerce jointly to crack down on speculation in agricultural products.

According to a reporter's interview, the special action has already achieved some results. Some of the speculation funds have been withdrawn from pressure. The prices of garlic and mung beans, which were previously hyped up, have come down.

With the weakening of the influence of weather factors on agricultural production, the market supply will further increase, and the prices of agricultural products will remain stable.

Crazy speculation

"Garlic has been cut by more than half, and the price of mung beans has dropped more than 20%."

In June 3rd, Li Dage told the newspaper reporter.

Statistics also show that after entering June, the price of mung beans dropped from 9.5 yuan / jin to 7 yuan / kg in May, and garlic dropped from 9 yuan per kilogram at the beginning of last month to 5.50 yuan now.

Since June 2009, prices of some agricultural and sideline products such as garlic, mung beans and corn have risen sharply.

In the case of mung beans, prices rose nearly three times in May from last year to May this year.

"In addition to raising prices in the acquisition process, distributors of large and small scale take the way of hoarding goods or restricting shipment, and stir up prices."

Wang Rengui, manager of Beijing Xingda cereals and Oils Trading Company, said that, knowing that the grain supply was not large, some large merchants continued to "raise prices and buy them".

Wang Rengui told this reporter that mung bean plate is relatively small, there are not many distributors in the market, and some provinces have less than 10 distributors on scale, so they are easy to be manipulated.

The rise of mung beans also led to the increase in prices of other coarse cereals.

Compared with the same period last year, the price of glutinous rice rose by 70% in May. The price of black soybeans rose to 20 yuan and 1 kilograms from seven or eight yuan and 1 kilograms last year. The value of black rice rose from 10 yuan to 1 kg last year to 40 yuan 1 kg, or 2 to 4 times.

Peng Sen, deputy director of the NDRC, said in an interview with Xinhua that at present, the stock market is sluggish, the property market has been regulated, the market has gathered enough funds, and capital lacks investment channels, so it is inevitable to enter the agricultural products market.

According to Peng Sen analysis, China's bank loans last year invested more than 9 billion yuan, the housing market and the stock market performed well, and a large amount of capital was absorbed by the capital market such as the housing market and stock market.

However, since the beginning of this year, the government has issued a series of policies to curb the excessive rise in housing prices, and the stock market is also down. Under this influence, a large number of funds have withdrawn from the stock market and the real estate market, and agricultural products have become the target of speculation for some hot money.

Three ministries and commissions jointly manage

In response to this hype, the NDRC, together with the Ministry of Commerce and the State Administration for Industry and commerce, organized special actions to strengthen market supervision and severely crack down on speculation in agricultural products.

The government is worried that hype about the necessities of life not only has strong social repercussions, but also enhances social inflation expectations.

"In particular, a small number of people are hoarding constantly, and constantly releasing information about soaring prices, which will add fuel to the flames of inflation expectations."

Peng Sen has said so.

Zhou Wangjun, deputy director of the price department of the national development and Reform Commission, also said: "we must resolutely prevent and stop speculative speculation of" idle capital ".

However, there are different opinions on whether there are "hot money" to participate in the speculation of agricultural products.

Pang Sen's view of the media is: "long term retention of agricultural products, is likely to become the target of speculation."

However, the agriculture ministry officials retort that speculation is not the main reason for the rising price of agricultural products, but because of reduced production and increased demand.

This reporter interviewed the situation, the NDRC has combined with financial regulators to monitor large-scale capital movements.

But as of press release, the NDRC still insisted that "it is still under investigation".

When the reporter telephoned Chen Mengshan, chief economist and director of the general office of the Ministry of agriculture and deputy director of the general office and inspector Zhang Hecheng, the two women spokesmen told the reporters that they were all on business.

Affected by the rising price of agricultural and sideline products, CPI is hitting the annual regulation of "red line".

In April, consumer price CPI rose by 2.8% compared with the same period last year. The NDRC's forecast for May and June rose by 3%, while CPI3% was generally regarded as the dividing line of inflation.

However, the industry generally believes that the possibility of agricultural products next round of speculation is not big.

Ma Shuping, deputy director of the Department of crop management of the Ministry of agriculture, said that although the climate problems in the north had adverse effects on vegetable production and circulation, the current vegetable production could meet the market supply and would not be out of stock.

Many people interviewed pointed out that governments at all levels should further improve the storage and purchase system of agricultural products in order to break the "vicious rise and fall" of prices.

"Government departments should find out the bottom of agricultural products in time, and publish authoritative information in a timely manner, so that the market can have a good idea."

Chen Shuwei, senior analyst at Eastern agge said.