Food is an eternal topic in all countries of mankind.
According to data recently released by FAO, international food prices rose again in March, the tenth month, and prices were the highest since June 2014. Food sales are expected to increase by 2.777 billion tons during 2020/21, an increase of 2.4% over the same period last year. , The global food demand is very strong.
At the same time, cereal stocks are expected to fall by 1.7% to 808 million tons by the end of 2021, the lowest level in seven years, which means that stocks will be further tightened. Wheat stocks in these regions will fall to 284 million tons, rice will fall to 183 million tons, and coarse grains are expected to fall to 341 million tons.
Affected by the overall market trend, the price of corn in Vietnam has risen to below US$515 per ton, which is significantly higher than last week by US$5. Compared with the same period last year, wheat prices rose by 19.9% and corn prices rose by 42.3%.
As to why international food prices are rising, it is actually affected by many factors. Because of the "sanitary incident" in 2020, the total global output has dropped by 20%. Therefore, food prices have also risen. Many countries have to maintain their own food. The supply has increased imports. However, Vietnam, Russia, Kolkata and other countries have adopted measures to restrict exports, reducing their export volume.
By 2020, China’s grain prices will also be impacted and continue to rise. Among them, corn will rise from 0.9 yuan/kg to 1.5 yuan/kg, soybeans will rise from 1.6 yuan/kg to 2.7 yuan/kg, and high-quality rice will exceed 1.7 yuan. / Catty, wheat exceeded 1.3 yuan / catty, which shows that grain prices will continue to rise.
Of course, in order to curb the upward momentum of food prices,China has also increased its import efforts. Last year, China’s food imports were 140 million tons, 30 million tons higher than in 19 years, of which corn imports were 11.3 million tons, a year-on-year increase. 135.7%. However, this has not changed the trend of rising food prices in our country. In fact, China is a WTO member, and food prices are greatly affected by the international community, so the increase is inevitable.
Although global food prices are rising, it does not affect people's food transactions. Food is an eternal topic in all countries of mankind.
Whoever controls the food also controls the world. Technological innovation and digital transformation are important supports for ensuring food security.
So behind the first industry of food, there are still many opportunities...
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