Ministry Of Agriculture: Grain Prices Will Continue To Rise Moderately In The Future

Chen Xiaohua, Vice Minister of agriculture, said at a news conference held by the State Council yesterday, that the overall situation of autumn grain has been set this year, and that the whole year's grain is expected to achieve a "eight consecutive increase". But he also pointed out that due to the rising cost, the future will continue.

Chen Xiaohua pointed out that as of September 26th, the national autumn harvest has harvested 320 million mu and completed 27.6% of the planting area.

From the main production areas, the number of panicles, grains and grain weight of maize and medium rice increased generally compared with that of last year. The growth of late rice is good, and the yield per unit area of autumn grain is expected to be higher than that of last year. With the area increased by about 9000000 mu, the increase of autumn grain yield is already a foregone conclusion.

This summer grain production has increased 6 billion 240 million jin, early rice has increased 2 billion 850 million jin, coupled with the increase in autumn grain production, it is estimated that the total output of grain will reach 11000 billion jin of new level, to achieve eight consecutive years of increase in production.

But it is worth noting that, in the eight consecutive year of increase in production, food

In this regard, Chen Xiaohua pointed out that the moderate rise in grain prices is mainly caused by changes in supply and demand, but with a variety of complex factors.

"Cost push is the main reason for the rise in grain prices." Chen Xiaohua said that the cost of grain production has increased by about 10% every year. "The price should reflect the value, which is the internal driving force for the rising price of agricultural products (13.87,0.03,0.22%)."

For a period of time, the price trend of agricultural products, Chen Xiaohua said that the state has the ability to stabilize prices of agricultural products, although grain prices will continue to rise moderately due to the increase in costs, but the room for growth is very limited.