Ginger prices rose after a month's rise and slowed down. Jiangnong reluctant seller or main reason

Ginger prices rose after a month's rise and slowed down. Jiangnong reluctant seller or main reason

The data shows that ginger prices have continued to rise and there has been signs of slowing in recent days. However, the price increase in some cities is still relatively large. From July 14 to August 15, the price of ginger all over the country rose for 33 days to 6.57 yuan per catty, with a cumulative increase of 18.2%. From the perspective of provinces, regions, and municipalities, nearly 50% of the provinces, districts, and cities have risen by more than 20%, among which Shanghai, Tianjin, and Jiangsu rank among the top gainers, with 34.3%, 32.7%, and 31.4%, respectively.

Ginger prices rose for 33 days

According to the Xinhua News Agency's national agricultural and sideline products and agricultural materials price system monitoring, compared with the previous day, prices of pork, eggs, vegetables, and aquatic products rose mainly on August 15, while prices of beef, mutton, fruit, and edible oil were slightly higher. Volatility; finished grain and milk prices are basically stable.

Of the 21 vegetables monitored, 13 prices rose, 3 remained flat, and 5 declined. The price increase of cowpea, spinach, green beans, and tomatoes ranged from 1.1% to 1.7%. The prices of Chinese cabbage, celery, rapeseed, white radish, onion, pepper, bitter gourd, garlic, and ginger all increased by no more than 1%; lettuce and eggplant The price of cauliflower was flat; the prices of cucumber, potatoes, cabbage, carrots, and green onions all fell between 0.5% and 0.8%.

Ginger prices have continued to rise, signs of slowing in recent days have slowed, but prices in some cities have continued to rise. Data show that from July 14 to August 15, the national price of ginger continued to rise for 33 days, to 6.57 yuan per catty, a cumulative increase of 18.2%. From the perspective of provinces, regions, and municipalities, nearly 50% of the provinces, districts, and cities have risen by more than 20%, among which Shanghai, Tianjin, and Jiangsu rank among the top gainers, with 34.3%, 32.7%, and 31.4%, respectively.

Reduced ginger production

There are many reasons leading to the current high prices of ginger, and both local vendors and Jiangnong said that due to the weather factors of last year, the decline in ginger production was the main reason for the high prices of ginger. However, the reporter learned from an interview with Anqiu in Shandong that the reason for the rise in ginger prices is not so simple.

It is understood that the continued decline in the price of ginger in the past two years has led to a decline in ginger enthusiasm for ginger farmers, which has led to a reduction in planting volume. Coupled with the decline in production due to weather conditions in some of the production areas in 2009, ginger production in Weifang, Shandong dropped by about 10%.

The price of ginger is “three years and three years”. In 1996, ginger had reached a high price of 12.5 yuan per catty and fell all the way thereafter. By 2004, the price of ginger reached 5 yuan per catty. By 2006, the price of ginger had fallen to 0.4 yuan per catty. To 4.6 yuan a pound.

A small amount of fried ginger is cash

In addition, like garlic, mung beans and other agricultural products, speculators also appeared in the circulation of ginger. In the Anqiu ginger and garlic wholesale market, many businesses have indicated that the sudden high price of ginger at the end of July is related to these fried ginger customers.

According to reports, fried ginger visitors come from nearby Laiwu, Linyi, and Jiangsu's speculators. They will first collect a portion of the ginger when the price of ginger is relatively low, and then use part of the funds to purchase it at high prices in the wholesale market. After a few days, the price of ginger is rapidly increased. The scrambled ginger guest immediately shot at a high position and cashed out. These speculators bought at least 2 or 3 kilotons of ginger at a time. If they were based on the difference of 5 cents, they would make profits of 2,3 million yuan. However, the manager of the ginger and garlic wholesale market in Anqiu Market told us that there is little possibility that the current ginger price increase will be driven by speculative hot money. Because a ginger is too expensive and the number is large, it is difficult for money to manipulate the market.

Jiang Nong reluctant seller

This round of rising prices of ginger, in addition to reduced production, there are a few speculators speculation, there is another reason, that is, Jiang Nong. Since ginger is better stored, many ginger farmers immediately stored ginger after recovering ginger from the fields. It is this special way of storing ginger that allows Jiang Nong to have a certain amount of power in terms of price. This year, when Jiang Nong learned that production fell and the market price was on the upward path, he chose to reluctantly sell. This also led to a rise in the price of ginger.

According to industry analysts, 40% of the ginger harvested last year was still in the hands of Jiangnong. Although this year's new ginger is still on the market for one and a half months, Jiang Nong expects that during this period of time, the price of ginger will continue to rise and he will be reluctant to sell.

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