Abundant Supply & Demand and Brisk Trade on National Farm Product Markets in January, 2004
Abundant Supply & Demand and Brisk Trade on National Farm Product Markets in January, 2004
There was abundant supply & demand and brisk trade on the farm product markets after entering the year of 2004 according to the investigation on farm prices on farm product markets of 200 primary farm products manufacturing counties. The January covered the New Years Day and the Spring Festival, when most farm prices were higher than that in the same period of the previous year, but the prices of foodstuff, cotton and oil stock fell distinctly. The price trend of principal farm products presents following characteristics:
As compared with the same period last year, the price of hsien rice, wheat, maize and soybean rose by 16.2%, 18.1%, 22.8% and 29.5% respectively, and the growth rate was down by 1.2%, 8.9%, 2.4% and 4.8% over the previous month respectively.
II. The price of cotton kept high. In January, the price of seed cotton was 5.95 Yuan/kg, up by 1.2% over the previous month and up by 44.8% over the same period of the previous year.
III. The price of oil plants rose at a small scale. In January, the price of peanut kernels was up by 3.4% over the previous month, and that of rapeseed was down by 1.4%. The price of edible oil was kept stable, that of peanut oil was down by 1% and that of colza oil and bean oil rose by 1.3% and 1.1% respectively.
As compared with the same period last year, the price of rapeseed and peanut kernel was up by 25.2% and 30.5%, and the growth rate was down by 13.0% and 6.0% over the previous month. The price of peanut oil, colza oil and bean oil was up by 25%, 26.6% and 23.7% respectively, and the growth rate of peanut oil and bean oil was down by 10.4% and 0.5% over the previous month respectively.
IV. The price of vegetables and fruits was expected to rise. Due to the seasonal factor, the Vegetable production was in the off-season with less supply and rise in price. The price of cucumber, tomato, green pepper and kidney bean was up by 22.4%, 16.8%, 22.1% and 18.7% over the previous month. The price of fruits during festivals rose comprehensively, and that of
As compared with the same period last year, the price of cucumber, tomato and kidney bean was up by 5.3%, 16.7% and 1.6%, and that of green pepper was down by 2.2%. The price of banana and orange was up by 14.9% and 7.7%, while that of apple was down by 1.1%.
V. Animal products rose in price. The period before and after the festivals was the season of consumption of animal products. In January, the pork price was 12.73 Yuan/kg, up by 1.4% over the previous month. The price of beef and mutton rose by 2.1% and 2.2%. That of baby pig rose by 2.2%. The live chicken enjoyed the biggest price increase, up by 6.8%, and the price of eggs rose by 1.4%. The bird flue in some regions recently had a strong impact on the animal product market, and the price of poultry is faced with market pressures.
As compared with the same period last year, the price of pork, beef and mutton rose by 24.8%, 7.8% and 3.8%, and that of live chicken and eggs rose by 10.7% and 12.1%.
VI. The price of aquatic products rose higher. In January, the price of grass carp, carp, silver carp and hairtail was up by 4.8%, 6.1%, 7% and 4.5% over the previous month. As compared with the same period last year, the price of grass carp, carp and silver carp was up by 6%, 8.4% and 10.1%, and the price of hairtail was a little lower than that in the same period of the previous year.