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Global Wheat Prices Surged 60% In The Short Term To Grab Super Gold.

2010/8/30 21:12:00 71

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Driven by basic demand, the global commodity market has been soaring this year. Prices rose from wheat to cotton to copper, aluminum and iron ore, ranging from one to 30%, but still slightly worse than the historical high prices reached in two, eight.

Natural disasters are frequent and wheat is failing. The demand for food and raw materials in emerging markets such as China and India is strong. However, this year's natural disasters are frequent, leading to a rise in prices of wheat grains headed by wheat.

In mid July, the biggest drought in Russia in one hundred and thirty years, followed by forest fires, made 1/5 of the country's farmland burning.

The second largest wheat in the world

Exporting country

Canada is also experiencing heavy rain for several days. Floods in China, India and other places continue.

In early August, Russia announced restrictions on grain exports, and global wheat prices surged 60% in the short term.

Recently, wheat has dropped slightly, but Holland Cooperative Bank (Rabobank) twenty-seven said that the price of wheat will continue to oscillate at a high level in the future, because Russia, Australia and the EU are not optimistic about the second half of the year.

The wholesale price of corn rose by 10% in July. In addition to the adverse weather impact, the supply of bio energy was also the main reason. In recent years, corn used as ethanol production increased year by year.

Cotton approaching 15 year high is seen as a global economic indicator of cotton prices, approaching the fifteen year high in mid August, mainly due to India's restrictions on exports and Pakistan's farmland inundation.

Retailer

Even threatening clothing prices.

Because China's import volume is huge, global inventories continue to decline, and the expectation of supply exceeds demand, making cotton futures more than 5% higher than spot prices.

The exploitation of high content copper mines is exhausted, and the development of infrastructure in emerging countries has also made metal products more expensive.

The spot market of copper is tight, and cable theft is frequent.

A man in Britain accidentally went to hospital in order to steal copper from a high-voltage wire.

At present, copper prices have come to US $more than 7000 per ton from US $six thousand in early June, and analysts agree that the market outlook is going to rise, which will exceed US $nine thousand per ton in the next twelve months.

London Metal

exchange

Copper inventories have been reduced by 25% in recent months, an example of an upward trend in summer stocks.

Global copper production also declined, with a drop of 12% in the first half of the year. In order to pursue rapid recovery, Copper Resources Corp has long exhausted the high copper ore, and the remaining low content of ore and soil must be larger to maintain production.

International aluminum prices continued to rise in four and May this year, and once reached a historical high point. The largest market for aluminum is in the construction industry and automobile manufacturing, because China's recent housing price has weakened slightly.