Monday, February 28, 2011

Four food prices increased pressure to be banned from entering the market grain prices received food

 Governments and businesses respond to rising food prices are embattled. (Data Center)

pressure of domestic food prices are also a test of central enterprises.

According to In order to control food prices, the state also planning to introduce effective policies. Reporter learned exclusively that if prices rose again quickly, the state may reduce the food import tariffs. Out of the country in order to repeat the food crisis, governments and central enterprises are embattled.

phone call to implement the purchase of

continuing drought in the north, food production could drop, but the four major food central enterprises still have not seen action. Before the Spring Festival, the four central rate limit beginning of the acquisition of raw grain, domestic food prices are affected, there has been a pullback. However, as the drought worsens,

2010 年 11 months, the National Development and Reform Commission introduced price control policy, and overall monitoring of the joint multi-ministries and limit price increases. Bear the brunt of that control prices. For the central level, though not explicitly limit the paper to convey the instructions of the acquisition, but the phone call had obviously worked. Reporter observed that, as of now, the four central enterprises purchase raw grain in the northern region is very small, . An informed source said.

central level is maintained
limit could not limit foreign

This restriction, the South less pressure, central enterprises in the purchase instruction requested is not strictly limited places, has launched a closed food operations. River West sector procurement department, told reporters,

limit the acquisition of central enterprises, but can not restrict foreign companies. It is understood, has been vying for market share with foreign companies in the food benefit Kerry also set up the acquisition of more food outlets. Even in the food and the benefits Kerry had prepared in advance, upward pressure on food prices remain high.

store grain in the background, but can only stay out of central enterprises. The grain storage has been expressly prohibited in the acquisition of food to prevent food prices.

cut food import tariffs or

At the same time, large-scale international food prices have been rising, according to FAO statistics, some food prices have broken records. Last year, corn prices jumped 52%, and wheat rose 49%, soybeans up 28%. World Bank, global food prices over the past year, up 29%, while in October last year, in January this year, the global food price is rising by 15%.

Platts Energy Advice
internal data shows that the U.S. policy to support the introduction of biodiesel, U.S. biodiesel plant this year will increase a lot, and reached a record --- 8 billion gallons. It is understood that the United States is the main raw material for biodiesel soybeans. In addition, there is news that the U.S. intends to expand its investment in corn-based ethanol projects are expected U.S. ethanol production in 2011 will reach 13.95 billion gallons. This will directly push up the price of corn. A person within the central enterprises of food, told reporters, yield. A vice president of COFCO

told reporters that Reporter learned from informed sources, if the sharp fluctuations in domestic food prices, the government may adjust the food prices through the tariff policy.

food purchasing a challenge

order to resist the rise in food prices, the current number of food companies in Japan have been down to Brazil and other major grain producing countries set up processing plants and a number of purchasing networks and transportation facilities to protect domestic supply. China should also establish the appropriate mechanisms for food security. Ministry officials present, they also said to be coherent, but still not below.

China Overseas Procurement
faces a challenge. Grain reserves in charge of each grain in the international market, international prices will be pushed higher. Had business letter, so that other companies instead of the stored grain in the international community appears to avoid the international food prices

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