Dynamic tracking of agricultural product prices: price stabilization of pig oil prices

Price data tracking (1) Composite index: The wholesale price index of agricultural products continued to fall, from 192.28 last week to 191.24; the purchase price index for raw grains rose steadily, reaching the latest 136.04; pig-to-food ratio continued to fall to 8.02; edible oil price index rose slightly The grain and oil wholesale price index has dropped slightly.

(2) Food prices: Indica rice rose slightly, the latest price was 2,950 yuan/ton, and the price of japonica rice rose 4.32% month-on-month, and the latest price was 4,358.33 yuan/ton. The price of wheat and wheat flour was basically the same, white wheat price was 2,047 yuan/ton, and wheat flour price was 2,795 yuan/ton.

(3) Livestock and poultry prices: The live hog price fell sharply two weeks before the end of the live pig price, and began to stabilize. The latest price was 18.84 yuan/kg; the pork price also stabilized, the latest price was 30.16 yuan/kg; the piglet price continued to fall, the latest was 42.65 yuan /kg. We believe that with the arrival of the off-season, hog prices will steadily decline. The prices of fresh beef and white broilers continued to rise steadily, reaching 34.37 yuan/kg and 17.93 yuan/kg respectively.

(4) Cotton and sugar: The price of cotton continued to fall, and the price of sugar rose. The latest prices were 2,2281.8 yuan/ton and 7,590 yuan/ton respectively. We believe that the third quarter is a peak season for sugar consumption, and follow-up prices are expected to continue rising.

(5) Sea cucumber: Maintain 176 yuan/kg. We believe that the sea cucumber price is expected to gradually rise in the second half of the year.

Other price highlights: (1) The price of edible agricultural products declined slightly by the Ministry of Commerce. Last week, 36 large and medium-sized cities across the country focused on monitoring the market price of edible agricultural products. Among them, the price of vegetables, fruits, meat and aquatic products dropped, and the prices of grain, white strip chicken, sugar, edible oil and eggs rose slightly; (2) Jinlongyu edible oil price increase. Yihai Kerry Group stated that the company's Golden Dragon Fish branded edible oil will be priced from August 1st, with a margin of about 5%; (3) The price of ducklings rebounded sharply. According to reports, the price of ducklings rose sharply from 1-2 yuan per feather in June to 5-6 yuan per feather; (4) The country will dump 200,000 tons of sugar. The National Development and Reform Commission, the Ministry of Commerce, and the Ministry of Finance decided to put the seventh batch of national reserve sugar for the 2010/2011 crop season on August 5, amounting to 200,000 tons, and the reserve bid price would be 4,000 yuan/ton.

Current investment advice: Last week, the agricultural sector fell 3.73%, of which, seeds fell 3.65%, aquaculture fell 1.04%, feed fell 3.53%, animal husbandry fell 5.35%. The valuation of the agricultural sector has declined relative to the broader market, to 2.56. Investors are advised to pay attention to the feed industry and the aquatic products industry where the prices of products begin to rebound after entering the peak sales season. Short-term concern about edible oil price increase related companies. It is recommended to pay attention to Dabeiong, New Hope, Good Leader, Xiwang Food.

Risk Warning: Systemic risks in the broader market, natural risks in agricultural production, and risks of large fluctuations in agricultural product prices.