The Russian grain exports the prohibition Fine to China

The Russian grain exports the prohibition Fine to China
Because of the natural calamity such as being arid, Russia will face the grain to drop in production by a wide margin in 2010, Russian government announces that grain and grain products will be exported to forbid this country from August 15 to December 31.
Russia is the third largest wheat exporter in the world, export quantum accounts for 14% of volume of trade of global wheat, this prohibition has further strengthened upward expectancy of the present international market grain price, and will drive the market price of chemical fertilizer to raise up. Because three major staple food grain of China very light in foreign dependence ratio, Russian grain export prohibition, have a little effect on China.
Export the prohibition fine to China
Customs' statistical data reveal, the importer of the wheat of our country is mainly Australia, U.S.A. and Canada in recent years. The statistical data of the Ministry of Agriculture reveal, in January - June of this year, the import volume of corn of our country is 88,000 tons, the import volume of the wheat is 845,000 tons, increase by 26.3 times and 1.1 times compared with the same period of last year separately. The long-term corn output of our country, more than 150 million tons, wheat output exceeds 100 million tons too, the import volume of the two is fewer than 1%. But expert point out grain of China import appear growth by a relatively large margin from the beginning of this year too, face it under the situation tight slightly in food supply at home and abroad, the rise of the international grain price will be possibly conducted to China grain's market.
From the beginning of June to the present, amount of the increase has already exceeded 80% at the price of the international wheat. The corn has been considered as the substitute of the wheat all the time, the price of the wheat is skyrocketing and spuring the corn demand fast. The Chinese wheat and import volume of the corn are very small, the insider thinks, the change of grain price of international market would " have a certain influence to the market of grain of our country recently, but influence is not big. " The expert analyzes to point out, the foreign dependence ratio of three major staple food grain in China is very little, basically self-sufficient, the impact on domestic market of international market mainly lies in the price is conducted, expected to rise and expected to promote and the chain reaction of the capital market.

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