International Food Market Price Continued Rising
|
The international grain market prices continued to climb. Major food crops such as corn market prices have generally increased by 5 to 7 percent. As expected there is always food prices, some people think that is likely to appear again as the high prices of 2008. Today, the price of sugar and some other products have created the highest in 30 years. With the growing demand in emerging countries and climatic deterioration will lead to reduced production expectations, investment hot money has entered the grain futures markets. This will promote international food prices continue to climb.
Russia is a major producer of wheat in summer, due to the drought led to production cuts and the Russian government export restrictions. Wheat growing international market rose. Japan's main imports are Canada and Australia, high quality wheat, but the trading companies engaged in food imports is still quite nervous, because more and more severe natural disasters worldwide.
As of this spring, due to ample stocks increase expectations and other factors, the international festival field food market has been hovering at a low price. The state of Russia's grain exports are first broken by ordering, then, the United States is expected to start down food production, international prices began to rise along. To 11 months, in Chicago as an international food market indicators, corn and other major food prices showed a high of two years.
World food production is actually not really in this year's poor harvest, the U.S. corn production this year and even reached the third highest in history. Marubeni Koji Fukuda food lesson that the market in this case was the result of tight feeling "because demand is expanding year by year, as long as the yield increased slightly will produce the expected demand."
Demand is the leading emerging countries. China has always insisted on maize self-sufficiency, this year's corn imports are expected to reach 130 million tons, will once again become a net importer. It seems, following soybeans, the corn will be about the variety of international food market.
Sugar is regarded as the product measure of national wealth, due to rapid growth in demand for emerging countries. Sugar prices continued to rise. New York raw sugar (refined sugar before) price fluctuations in the second half of last year, has now reached about 29 cents per pound, equivalent to twice the previous years. According to the British research firm statistics, nearly 5 years, global sugar consumption increased by 10%.
In the "off oil" trend, the food as demand for raw materials for biofuels is also increasing. 40% of U.S. production of corn, and Brazil produced about 50% of raw sugar have been used as bio-ethanol production raw materials. According to the coffee trade sources said many of Brazil's coffee farms are being turned into sugar cane fields, thereby reducing the production of coffee beans.
The influx of hot money investments also contributed to rising food prices Orioles to be factors. U.S. monetary easing policy has spawned a large number of investment funds began to enter the emerging country's stock market and commodity markets. Insiders pointed out: "the size of grain futures market trading stock market is only about 1% of the world, l% if the stock market capital into food markets will be a tremendous impact."
Rising market speculation led to the most typical species, is the production of raw material for chocolate, cocoa beans. In London, the price of one ton of cocoa beans have up to 2700 pounds, reached the highest level since 33 years. This is expected to lead to production cuts caused by hoarding. United States, Starbucks coffee and dessert in Japan end consumer goods, are subject to this effect began to raise prices. Japan Research Institute economist Hiroshi Watanabe, said: "Before 2013, the Japanese economy out of deflation is difficult. So food manufacturers and other domestic-oriented industries, will continue to struggle in the sea of bitterness." |
|
Author Resource:-
Chris Holigan a professianl writer from , it provides the high quality products, such as Sump Pump EVM Manufacturer, Slurry Pump EHM, slurry pump, and many more.
|
By :
Jessie Stone
Submitted
2010-12-21 08:30:54 |
Article From Article Mayhem
 Ezine ready view |
|
|
|
Related Articles
|
|
|
![[Valid RSS feed]](http://www.articlemayhem.com/images/icon_Rss.png "XML Feed For RSS"){kind=icon}
Category Rss Feed![[Valid RSS feed]](http://www.articlemayhem.com/images/rss.jpg "XML Feed For RSS")