久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

US EUROPE AFRICA ASIA 中文
Business / Economy

All eyes on pig exchange rate

(Xinhua) Updated: 2014-05-30 10:24

BEIJING - It will never get the same attention as the Chinese currency, but another exchange rate is quietly straining every nerve of the market, from policymakers to farmers: the hog-to-corn ratio.

The exchange rate is closely monitored as a critical reference and a key indicator of inflation. It is used to speculate on changes in policy in a broader context.

Pork is the staple meat in China and is a heavyweight in the basket of prices used in calculating the Consumer Price Index (CPI). The ratio of live hog sales prices at farms to wholesale corn price, calculated by the National Development and Reform Commission (NDRC), rebounded to 5.29 on Wednesday after it fell to a five-year low of 4.6 in April. When the ratio is above 6, pig farmers can start thinking about profits.

Live pig prices have fluctuated wildly in recent years, raising concerns that volatility could bleed into monetary and fiscal policy due to the CPI weighting.

The weak pig-to-corn rate in the past year has meant Anhua Agricultural Insurance dishing out compensation of 4.1 million yuan ($660,000) to 143 pig farmers in Beijing this month.

"With the compensation, I feel a little bit better," said Cao Xueyi, a veteran pig farmer who got 94,000 yuan for his loss of 1.08 million yuan last year. To help stabilize pork prices, Anhua started selling price insurance last year to offset losses incurred through pig price declines.

"Insurance of live pig prices is a very good way to protect farmers from huge losses," said Tuo Guozhu, an insurance professor with the Capital University of Economics and Business.

The NDRC has also intervened, buying frozen pork on the market for national reserves in March and May, which raised the national average hog price to 11.14 yuan per kilogram by April 30, ending 19 weeks of decline.

Oversupply has been blamed for the price decline since the beginning of this year. Farmers sold 716 million live pigs last year, 20 million more than 2012.

As the government aims for CPI growth of around 3.5 percent this year, with continuing prudent monetary policy and proactive fiscal policy, too weak or too strong an inflation reading might prompt the central bank to adjust its monetary policy.

"We are not sure whether changes in supply and demand have happened yet, because only price increases for two consecutive months can send a clear signal," said Feng Yonghui, chief analyst with the monitoring website souzhu.com. "So far, we've seen no obvious reduction in pig production capacity."

All eyes on pig exchange rate

All eyes on pig exchange rate

China adds to pork reserves to stabilize prices China's farmers feel deflationary chill

 

Hot Topics

Editor's Picks
...
...
久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

    麻豆md0077饥渴少妇| 久色视频在线播放| 国内自拍在线观看| 亚洲一区二区福利视频| 黄色一级视频片| 特级黄色录像片| 999精彩视频| 日韩a∨精品日韩在线观看| 日韩 国产 一区| 毛葺葺老太做受视频| 青春草国产视频| 亚洲欧美一区二区三区不卡| 国产v亚洲v天堂无码久久久| 僵尸世界大战2 在线播放| 日本免费在线视频观看| 性欧美videossex精品| 国产精品秘入口18禁麻豆免会员| 日本老太婆做爰视频| 精品亚洲视频在线| 欧美三级理论片| 无码人妻丰满熟妇区毛片18| 日韩人妻无码精品久久久不卡| 国产日本欧美在线| 日韩欧美国产片| 色哟哟精品视频| 免费大片在线观看| www一区二区www免费| 加勒比成人在线| a级免费在线观看| 国产在线视频在线| 欧美大片免费播放| 欧美少妇一级片| 成人高清在线观看视频| 婷婷中文字幕在线观看| 91丨九色丨蝌蚪| 欧美美女一级片| 无限资源日本好片| 538在线视频观看| 无码内射中文字幕岛国片| 男人亚洲天堂网| 最近免费中文字幕中文高清百度| 各处沟厕大尺度偷拍女厕嘘嘘| 欧美狂野激情性xxxx在线观| 精品久久久无码人妻字幂| 日本成人xxx| 9l视频自拍9l视频自拍| 日本一二三区视频在线| 日韩视频 中文字幕| 欧美做暖暖视频| 福利视频一二区| 免费看一级大黄情大片| 国产1区2区在线| 日日摸天天爽天天爽视频| 性欧美videossex精品| 亚洲精品www.| 永久免费在线看片视频| 天堂8在线天堂资源bt| 精品少妇在线视频| 37pao成人国产永久免费视频| 一本久道综合色婷婷五月| 国产三级三级看三级| 九九热精品国产| 日本精品福利视频| 777777av| 黄色三级视频片| 污污视频在线免费| 黄色一级片国产| 黄色免费视频大全| 一区二区三区韩国| 老司机av福利| 国产美女网站在线观看| 天天操天天爽天天射| 欧美激情国内自拍| 男人天堂手机在线视频| 精品视频一区二区在线| 免费成人黄色大片| 精品国产av无码一区二区三区| 黄色免费福利视频| 国产精品自拍视频在线| 国内自拍中文字幕| 久久久久久久久久久免费视频| 欧美国产日韩另类| 日本黄大片在线观看| caoporn超碰97| 欧洲美女和动交zoz0z| 国产亚洲精品网站| 中文字幕色网站| heyzo亚洲| 亚洲综合激情视频| 国产精品成人久久电影| 国产91色在线观看| 大荫蒂性生交片| 一级在线免费视频| 国产成人一区二区三区别| 亚洲五月天综合| 成人高清dvd| 日本激情视频在线播放| 国产精品视频网站在线观看 | 各处沟厕大尺度偷拍女厕嘘嘘| 国产 porn| 隔壁人妻偷人bd中字| 日韩大片一区二区| 国产一区二区视频播放| 国产一级免费大片| 男人操女人免费软件| 欧美xxxx吸乳| 九色91popny| 黄色一级视频在线播放| 亚洲综合伊人久久| 国产av无码专区亚洲精品| 色一情一乱一乱一区91| 亚洲精品视频导航| 免费观看国产精品视频| 日韩视频在线免费播放| 免费激情视频在线观看| 国产片侵犯亲女视频播放| 久久久精品高清| 国产免费一区二区三区视频| 一级性生活视频| 尤物网站在线看| 另类小说色综合| 午夜精品久久久内射近拍高清| 白白操在线视频| 色黄视频免费看| 伊人网在线综合| 不要播放器的av网站| 国产一区二区网| 日韩激情视频一区二区| 黄色网址在线免费看| 国产欧美一区二| 中文字幕网av| 自拍偷拍 国产| 东京热加勒比无码少妇| 国产精品专区在线| 日本一级黄视频| 青草全福视在线| 色偷偷中文字幕| 日韩成人av免费| 国产精品自拍视频在线| 蜜臀av免费观看| 欧美伦理片在线看| 精品视频无码一区二区三区| 每日在线更新av| 黄色一级片播放| 日本免费不卡一区二区| 免费国产a级片| 久久久亚洲精品无码| 日韩国产一级片| 日本a在线免费观看| 日本熟妇人妻xxxx| 国产精品久久久久9999爆乳| 国产精品视频网站在线观看| 国产精品三级一区二区| 精品视频在线观看一区二区| 女人床在线观看| 久久综合亚洲精品| 国产爆乳无码一区二区麻豆 | 一区二区三区 欧美| www.色就是色| 欧美婷婷精品激情| 97超碰人人爽| 久久人人爽人人片| 国产免费xxx| 国产免费一区二区视频| 欧美视频在线免费播放| 哪个网站能看毛片| 北条麻妃av高潮尖叫在线观看| 日本激情视频在线| 五月天开心婷婷| 成人在线免费观看网址| 免费看欧美黑人毛片| 中文字幕无码精品亚洲35| 成人一级片网站| 污色网站在线观看| 天堂在线精品视频| 男女激情免费视频| www.爱色av.com| 精品亚洲一区二区三区四区| 亚洲色图偷拍视频| 久久久久久久香蕉| 亚洲色成人一区二区三区小说| 午夜免费高清视频| 一级一片免费播放| 无码人妻少妇伦在线电影| 亚洲中文字幕无码不卡电影| 亚洲久久中文字幕| 欧美黄色免费网址| av动漫在线观看| 午夜啪啪小视频| 草草视频在线免费观看| 成人黄色一区二区| 欧美精品一区二区性色a+v| 国产 日韩 亚洲 欧美| 国产高潮免费视频| 亚洲区成人777777精品| 国产精品丝袜久久久久久消防器材| 色综合天天色综合| 国产91在线亚洲| 波多野结衣天堂| 成人在线免费观看网址|