According to news agency reported that Russia's Prime Minister Vladimir Putin announced on 5 August, the Government of Russia decided to ban the export of grain and grain products.
While the previous rumors make 4, Chicago Board of wheat boom period to 22 months since high.
Russia is the world's third largest wheat exporter exports the 2140 million tons of grain, but it is understood that this year Russia because of drought, a year of food production shrinks 20%, resulting in early June, wheat prices by nearly 7%. Analysts believe that this will give international food supply enormous pressure, international grain prices or to launch a shock wave.
However, the related experts on national business news and analysis, as both wheat and maize were less than 1% of imports, so that the Russia announced the prohibition on the export of grain, have a certain influence, but little effect.
As a result of drought severity reduction
Reported that, in the 5th meeting of the Cabinet of Prime Minister Vladimir Putin said Russia: "based on a rare high-temperature and drought, I think we should implement a temporary prohibition, prohibition of Russia export grain and grain products. Putin's spokesman peskov said that the ban will be this year's August 15, at least to this year's 31 December.
This message is outgoing and not surprising. Due to the weather display, Russia East high temperature dry weather will continue over the week, allowing Russia wheat production of more serious, there is news that the Government may have to Russia on wheat export restrictions to protect domestic supply.
Is Putin said prohibition grain export on the day before, the UN food and Agriculture Organization of the 2010 global wheat production expected to drop to 6.51 billion tonnes, a reduction of 25 million tons, and said that if Russia to mitigation of drought, may have on the 2011 2012 annual wheat yield a threat.
In wheat-producing country in OPEC's message stimulated, 4, Chicago Board of wheat boom period to 22 months since high. On that day, the contract prices for wheat September, 45.75 cents per bushel 7.2575 u.s. dollars, up 6.7% for October 29, 2008 the biggest rise since, in the once touched $ per bushel 7.32, 2008 since September 26, the high point of the main contract.
Since maize has been as a substitute for wheat and wheat prices soar quickly pull up corn demand. Affected by this, on the day following the period the price of corn wheat's strong rally rose sharply, and received in the last 7 months.
On that day, rising corn contracts December 11 cents per bushel 4.15 received u.s. dollars, up 2.7%, achieved since Jan. 14th, 2010 new high since. Soybean prices rise slightly period, increased soybean November contracts, 6.25 cents per bushel 10.2425 u.s. dollars, up 0.6 per cent.
China's imports of wheat and maize is small
For international market change on China's domestic grain market, rural development Institute researcher at the Chinese Academy of social sciences Zhang red tell national business news, "there will be some impact, but little effect. "
His analysis, China's three major staple food capital of self-sufficiency, external dependence is very small, therefore, the international market to the domestic market mainly from price transmission, rising expectations, as well as a chain reaction of capital markets and other factors.
According to customs statistics, in recent years, China's wheat imports origin mainly to Australia, the United States and Canada and other countries. The Ministry of agriculture, statistics, June 1 ~ this year, China's imports of maize into 8.8 million tons of wheat imports 84.5 million tons, China's annual corn yields in 1.5 billion tons, wheat yield more than 1 million tonnes of imports are less than 1%. (Daily economic news)
No comments:
Post a Comment