On October 19th, the Ministry of Agriculture released the weekly international price report of major agricultural products for the 42nd week of 2010. From last week (October 11 to October 15, 2010), the prices of most agricultural products in the international market rose, only the price of rice was basically the same.
Previously, in the 40th week of 2010, the main agricultural product international price weekly report issued by the Ministry of Agriculture on October 12, the prices of agricultural products such as rice and corn were basically flat, while the prices of sugar, wheat, and soybeans fell. It can be seen that agricultural product prices are After a slight decline, it regained its gains last week.
From the perspective of the specific classification of international agricultural products, prices of corn, sugar, soybeans, wheat, soybean oil and palm oil all increased at different rates. Among them, the prices of corn and sugar rose by more than 10% from the previous month, and the recent closing price of corn on the Chicago Mercantile Exchange closed. Weekly average price of 223 US dollars per ton, the International Sugar Council, the average weekly price of sugar is 549 US dollars per ton, the chain rose 14% and 12%; compared with the same period last year, the price was 50% higher and 11%; soybean prices The chain rose nearly 10%. The closing price of soybean futures contract on the Chicago Mercantile Exchange averaged US$432 per ton per week, up by 9% from the previous quarter and 19% from the same period of last year.
In addition, the prices of wheat, soybean oil and palm oil rose by more than 5%. The closing price of wheat and soybean oil on the Chicago Mercantile Exchange recently averaged US$259 and US$1,036 per ton per week, up by 5% and 7% quarter-over-quarter respectively, with wheat prices rebounding significantly after falling for two consecutive weeks; compared to the same period last year The price of wheat rose by 40% and soyoil prices rose by 29%. Malaysian palm oil, the average weekly CIF price of Rotterdam in the Netherlands, was US$998 per ton, which was a 6% increase from the previous quarter and was the fourth consecutive weekly increase, 45% higher than the same period of the previous year.
The price of rice was basically the same as that of the same period. Thailand's 100% B-level rice Bangkok's FOB price (international benchmark rice price) averaged 510 US dollars per ton per week, and the 5% breakage rate of rice's FOB Bangkok's FOB week average was US$493 per ton. Flat; compared with the same period of last year, prices fell by 4% and 2% respectively.
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