Prices of agricultural products are estimated to be 0. 9 and 5. 3 per cent respectively
News bulletin official account 2021. 12. 2510:41
According to the ministry of agriculture and rural development's “national wholesale market price information system”, this week (17 december 2021-23 december 2021), the “200 index of wholesale prices of agricultural products” was 125. 62, down 1. 27 points from last week, up 0. 44 points from the same period last year。
The animal products monitored this week, mainly pork, lamb, beef, and white chickens, varied between -1. 2 and 0 per cent compared to the previous week。
Prices and variations of livestock products with emphasis on monitoring
Wholesale prices for pork this week were $23. 88/kg, representing a 0. 9 per cent decrease in the ring ratio and a 44. 9 per cent decrease in the same year。
The partner, liu xiaodong, said to journalists that the core factors affecting agricultural and food prices were mainly supply-demand relationships and processing patterns and brand premiums, followed by macro- and export-import trade policies. Moreover, for large markets, regional differences are greater. At the same time, a reasonable price projection cycle is difficult to use as a weekly node, and a quarterly or production (outline) node is more appropriate. Since the analysis of domestic price information also takes into account regional differences, as well as differences in the patterns of head enterprises in sub-markets with a higher degree of concentration, it is difficult to compare them with uniform criteria. For example, it is difficult to provide a reference for most regions by covering the market as a whole with national averages and cost. This needs to be borne in mind when preparing periodic forecasts or price analyses for the pig industry。
“in the animal protein industry as a whole, alternative factors need to be fully considered in addition to the market breakdown of research projections. After the african swine plague, it is difficult to predict carefully the impact on global and domestic meat because the annual production of pigs is lost to more than 100 million people, accounting for about 10 per cent of the global annual supply (1. 4 billion), or about twice the global trade volume. In the second half of last year and from now on, our pork supply has gradually increased, the internal supply of cattle and sheep remains inadequate, with sufficient supplies of white and yellow chicken and small increases in aquatic protein. Due to stronger animal protein substitution, the overall price of pork falls with increased supply, while the price of chicken and water products is relatively stable, and the price of cattle and sheep has also stabilized after soaring. The price of cattle and goats has fallen back to an acceptable range relative to the time when the african swine plague caused a large gap in market expectations and demand.” liu xiaodong said。
The price of eggs decreased by 1. 2 per cent this week, an increase of 27. 6 per cent over the same period。
With regard to the price of eggs, liu xiaodong indicated that the most important factor affecting the price of eggs at present was the replacement cost (composition of overall supply and demand for animal protein). Over the next year or two, the price of eggs will probably deviate from the cost. The price of eggs is relatively strong this year, particularly in relation to the tight supply phase of pork. “for domestic protein products, there has been an important convergence of price-impact factors in recent years, with previous years being an african swine plague based on a balance of supply and demand, and almost two years being a new coronary epidemic, determined by price expectations and the degree of smooth supply chain (trade freedom).”
This week, the main water products monitored varied between -2. 3 and 1. 2 per cent compared to the previous week。
Prices and variations of water products with a focus on monitoring
The average price of 19 vegetables in the wholesale market at 286 production sites nationwide was 4. 72 yuan/kg, a decrease of 5. 3 per cent compared to the previous week and an increase of 14. 1 per cent over the previous year。
Of the 19 vegetable prices monitored, the price of tomatoes increased significantly this week, by 2. 1 per cent, and the price of vegetables, celery, spinach, oil and cabbage decreased significantly, by 23. 0 per cent, 11. 3 per cent, 10. 0 per cent, 9. 6 per cent and 7. 0 per cent, respectively。
“in the context of the epidemic, the supply chain is affected, coupled with the expected excessive pessimism, which has contributed to high food price indices, which can also be seen in fao's global food price index monitoring data and in domestic prices for some agricultural products. In particular, monitoring of domestic price indices is generally dominated by core goods and wholesale prices, with insufficient response to final retail prices. Typically, the high prices of green leaves in beijing and parts of the country during the previous period and the serious cost deviations from final retail prices are local short-term price imbalances caused by supply chain problems. Vegetable production cycles are shorter and price cycles are shorter, with regional retail prices showing more short-term, partial supply-demand relations. In general, the price of vegetables still depends on the cost, and the moderate rise in the prices of vegetables and fruit over the past two years has been due mainly to the increase in costs. Because of the greater price elasticity of vegetables and fruits, the high demand for food and logistics standards, the price differentials between locations are higher in agricultural products, largely determined by the local short-term supply and demand balance.” liu xiaodong said。
Vegetables with a larger ring-up
Vegetables with a larger decline in ring ratio
The average price of the five types of fruit monitored this week was $6. 67/kg, which was the same as last week, an increase of 9. 5 per cent over the same period。
Value of fruit prices and variations monitored
