BEIJING, April 28 /PRNewswire-Asia/ -- Himfr.com, one of China's leading B2B search platforms with more than 30 B2B industry websites to its name, reports that agricultural prices will rise again.
Since April, the price of agricultural products has been stable. However, in the future prices in the agriculture sector will rise. A rise in agricultural prices could lead to inflation, which is expected.
First of all, where production is concerned, China's grain has been on an upward trend for 6 years, but the rise has gradually weakened. Now this trend has become more apparent. In 2010, under the effect of the drought, the grain yield has been low.
Second, there has been a recent trend of weak product prices, but this is more of a correction for early rising. After the completion of this amendment, agricultural prices will return to fundamentals -- depending on supply and demand to determine the trend.
Third, the economy will gradually pick up. The demand for agricultural products will return to a state of natural growth. Although China adjusts purchasing, storage and protection prices for major food crops, prices of vegetables and other agricultural products are not directly affected by macro-controls. Therefore, the future price of these agricultural products will be directly linked to market supply and demand. Recent bad weather and frequent disasters reduce the supply of vegetables and other agricultural products.
The objective existence of supply and demand is the internal driving force behind rising prices of agricultural products, and unexpected factors such as drought become a catalyst that drive up agricultural prices.
Himfr believes that this year after May, inflation will be more apparent than in the past, with June or July likely to be the high point of the year. The reason is that the prices of agricultural products went through a period of calm, and so will resume their rally. Pork prices, an important indicator of inflation, have recently experienced a rebound.
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