Chapter 464: Defeated (3/3)

In some big cities such as Beijing, Shanghai, Guangzhou, and Shenzhen, the price of garlic in some supermarkets is as high as 20 yuan per kilogram, and mung beans have risen from 8 yuan a pound at the beginning of the year to 11 yuan a pound at present......

Mung beans are unaffordable, more expensive than eggs and meat, and "crazy garlic" has become the focus of society for a while, just like soaring housing prices.

In the case of the industry's expectation of stronger price increases for some agricultural products, the National Development and Reform Commission and Jiagu Grain and Oil sold the first batch of garlic and mung beans to the market, with the first batch of 80,000 tons of garlic and 20,000 tons of mung beans.

One stone stirs up a thousand waves.

Jiagu grain and oil continues to receive calls from dealers around the country, the other party asks for a large order of garlic, and does not talk about the specifications or look at the shape, as long as there is no sick garlic, how much to collect.

The first batch of garlic and mung beans were quickly eaten, and the price in the market seemed to be inadequate.

But then, Jiagu Grain and Oil began to sell a second batch of garlic and mung beans, this time reaching 100,000 tons of garlic and 30,000 tons of mung beans.

The prices of the two in the market fluctuated, but the products sold by Jiagu were still very popular.

โ€”โ€”Behind this, it is the speculators led by Zeng Rangqing who are desperately raising prices in an attempt to create a situation where supply exceeds demand.

But then the third wave of blows followed, and Jiagu Grain and Oil continued to sell the second batch of 150,000 tons of garlic and 50,000 tons of mung beans, as well as tens of thousands of tons of potatoes and ginger and other agricultural products.

Many speculators who have already eaten in the early stage are dumbfounded, Jiagu's storage is endless, who dares to take it!

This sell-off is terrifying. They estimated in their hearts that there were 10,000 grass and mud horses galloping by, how much of Jiagu's miscellaneous grain reserves? Moreover, when did Jiagu store them?

......

"Affected by the climate, this year's garlic supply is indeed tight, with garlic production accounting for a quarter of the country, exports accounting for more than 70% of the country's 'Chinese garlic hometown' Jinxiang as an example, the annual inventory of old garlic is about 400,000 tons, and this year there are only about 100,000 tons. Qi Zheng, who was sitting at the Jiagu headquarters and watching the storm, explained to Zhou Meng, deputy director of the Price Department of the National Development and Reform Commission.

"But they didn't know that the stock of garlic in the Jiagu cold storage exceeded 2 million tons!"

To be honest, Zhou Meng was taken aback when he learned about Jiagu's garlic inventory.

But after listening to Qi Zheng's explanation, it seemed to be taken for granted: "In the first two years, the market demand for garlic in China was sluggish, and the purchase price of garlic was particularly low. Especially in 2008, when garlic was the cheapest, it was even sold for 0.1 yuan per kilogram, which brought great harm to garlic farmers. โ€

"We have sufficient cold storage and funds, on the one hand, to solve the problem of unsalable garlic, and on the other hand, to cope with today's situation. Qi Zheng chuckled.

The same goes for mung beans.

Agricultural products such as garlic and mung beans have a small plate, which means that it is conducive to speculation, but in turn, it is also conducive to the collection and storage of Jiagu, which has enough reserves to leverage the market with a small amount of money.

The speculation was stunned like this, and Zhou Meng couldn't help laughing.

- He is happy to see it. After all, no matter how you look at it, the impact of speculation on agricultural products is extremely bad.

Agricultural products have risen all the way, and farmers' returns are also very limited. However, on the one hand, it has a boosting effect on China's overall inflation and affects the stability of the supply and price of agricultural products. On the other hand, after the withdrawal of floating capital, the price will fall into a trough, and the harm will be even greater for smallholder farmers, who are already weak in their ability to resist risks.

Of course, to do this step of Jiagu, cold storage and financial strength are indispensable - cold storage is very sought-after in the past two years, and the rent has also skyrocketed;

However, if Jiagu is achieved, it is also of great significance - not only does it crack down on the price speculation of the tour capital, but even if it is sold at a normal price, even if it counts two years of storage and management fees, Jiagu will not lose money.

After all, from a few cents to a few dollars, how many times has it appreciated!

"However, it also depends on your advanced storage technology to preserve the agricultural products so well!" Zhou Meng said with emotion, Jiagu's success is not casual, looking at the storage of garlic, two years of old garlic out of the warehouse is almost the same as new garlic, and it can be sold at a higher price.

Qi Zheng smiled but said nothing.

"Frost Withering Autumn Array (Second Order) trigger, main water and fire system, range: 100 kilometers radius. Effect: Frosting, freezing. It can make the frost and ice, into autumn to winter. โ€

โ€”โ€”All-round "preservation technology", you deserve it.

......

With full confidence, Jiagu threw it away from the first ten days and half a month, and then threw it every week, and the hoarding and speculation of the tour capital was completely "cool".

In particular, the National Development and Reform Commission, which subsequently cooperated, also took action: "The price authorities at all levels should strengthen price regulation and supervision, quickly ascertain and report abnormal situations when they are discovered, and resolutely prevent and stop speculation and speculation in the floating capital; and if they seriously disrupt the order of market prices and constitute a crime, they shall be investigated for criminal responsibility according to law......."

When Zeng Rangqing gritted his teeth in the office and instructed his nephew to raise the price, the relevant departments broke in, his hands and feet were cold for a while, and he had only one thought in his heart - it's over!

Compared with the reserves, it can't compare to Jiagu, and the tricks are directly suppressed, and all kinds of travel funds finally can't help it.

The first to cut the meat were some small speculators, who soon chose to follow the trend and sell.

With the fall of Zeng Rangqing, international travel funds have announced their collapse. Unlike spot traders like Jiagu, they can't invest too much power in a market, and they are more prepared to make a profit and leave.

For them, it is always more correct to cut the flesh to escape than to fight to the death, and even if there is a 70% chance of winning the battle, they will not necessarily agree, let alone the current situation - if they don't sell again, the new products will soon be available again in the fall, and the situation will be even worse.

With the increase in sell-offs, the supply has increased, and the prices of a series of agricultural products such as garlic and mung beans have fallen sharply, and the momentum of rising food prices has also been curbed.

Jiagu also stopped selling and turned to garlic exports - 60% of the garlic sold in China goes to the US market, and this year it has also risen due to lack of supply and demand, and Jiagu has taken the opportunity to make a wave of American money.

......

Zhou Meng, who returned to the National Development and Reform Commission, thought that it was a private company that led all this, and suddenly felt an inexplicable emotion.

Your business is big, you are related to people's livelihood, and you are related to national security.

Although the state has given Jiagu all kinds of preferential treatment, including some policy inclinations, it is really at a critical time, and Jiagu can really get it.

Zhou Meng buried himself in drafting: "...... We must gradually establish a perfect supervision plan for abnormal price fluctuations of various market-regulated commodities closely related to people's lives, such as grain, pork, and vegetable baskets, and include Jiagu Group in the plan......"

......