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Recently, the international market prices of agricultural products futures wave amazing rally. Analysts believe that swept the world in bad weather, excess liquidity and other factors working together, may also skyrocketing international prices of agricultural products, including fertilizer and spread among relevant upstream and downstream industries, the domestic market will also be the resulting linkage effects .
August 4, Chicago Board of Trade wheat prices have nearly seven U.S. dollars / bushel, up more than 60% of the total. Moreover, since mid-June, corn futures prices rose nearly 20% over the same period, from early July soybean futures prices rose over 10% of the total. Up in all major agricultural products under the support of the last two weeks, the international fertilizer market, prices continued to firm, urea, diammonium have a slight rally. According to IFA report, due in 2008/09, world grain prices and high fertilizer prices fluctuate, farmers have reduced or delayed fertilizer inputs; as the market recovery in 2009/10 in the world fertilizer demand began to rise, farmers seek a more stable market returns, while maintaining or improving soil fertility side would further increase the input of chemical fertilizer.
View from the domestic market, the latest data released by National Bureau of Statistics show that in July CPI rose 3.3%, reaching a new high during the year, which pulled up by the ratio of agricultural products accounted for 2.3%. Preparation of the recent northern autumn fertilizer around the corner, a time when top dressing of rice in the south, the market demand for fertilizers has shown a steady rising trend is, urea, compound fertilizer, phosphate fertilizer prices in the end markets remained relatively stable within the price range. At the same time, international market prices of agricultural futures to bring some pressure on the domestic market, the domestic price of wheat futures benchmark contract had risen to 2,400 yuan / ton, much higher than the spot price. For some time now, high prices of agricultural products on the run from a certain degree of increase in Le northern wheat-producing areas Nong Min Zhu De Zhongzhijiji Xing, the market generally Ren Wei Tai Fu price the market outlook is unlikely to fall in its determination to maintain Muqianpingwen the price.
Chinese scholars have adopted fertilizer and food grain price ratio threshold for the correlation analysis of production, fertilizer grain price ratio 3: 1 to 3.5:1 (pure nutrient content of fertilizer and grain price ratio) is within a reasonable grain yield and high space . Specific to the varieties of grain, rice and wheat grain price ratio of fertilizer in the 2.5:1 ~ 3.0:1, the fat of corn grain price ratio between the fluctuations in the 3.5:1 ~ 4.0:1 more reasonable. The current domestic fertilizer prices and grain prices look fat food than about 2:1 or so, that is, the output of farmers is greater than the actual input of chemical fertilizers, a substantial increase in grain yield.
In the international market of agricultural products futures prices rose, the income of peasants increased confidence in the domestic market and gradually restored positive, driven by reason to believe that fertilizer prices will continue strong market outlook. (Gong Jie)
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