China food production issues....

Discussion in 'Markets & Economies' started by Oddjob, Jun 28, 2019.

  1. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    https://www.cnbc.com/2019/07/12/singapore-gdp-gross-domestic-product-data-for-second-quarter.html

    These are "official" figures.
     
  2. alor

    alor Well-Known Member Silver Stacker

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  3. Ag bullet

    Ag bullet Well-Known Member

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    china doesn't farm in mongolia and tibet because there is very limited agricultural potential in both. tibet is a 4000m high plateau in the rain shadow of the Himalaya's and Mongolia is a country noted for it's high mountains, barren steppe and the gobi desert.

    australia is much more productive even with the limitations peter mentioned.
     
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  4. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Australia has an oversupply of arable land when measured in people per sq km. There is no shortage of land or water and we have a continuing growing surplus to supply the rest of the world seasonal variation aside.

    It's a non-issue.
     
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  5. openeyes

    openeyes Well-Known Member Silver Stacker

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    Only good for sheep and goats...

    Still laughing about that line. Thanks.
     
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  6. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    https://www.cnbc.com/2019/08/09/chi...-prices-ppi-and-consumer-price-index-cpi.html

    China’s food prices jump 9.1% in July as the country battles African swine fever
    Published Thu, Aug 8 2019 9:42 PM EDTUpdated Fri, Aug 9 2019 7:15 AM EDT
    Huileng Tan@huileng_tan

    Key Points
    • China’s July food prices jumped 9.1% from a year ago, data from the National Bureau of Statistics showed on Friday.
    • Overall, China’s consumer inflation rose 2.8% from a year ago in July.
    • Producer prices fell 0.3% from a year ago.

    New data out of China show food prices are surging to a 7-year high.

    China’s July food prices jumped 9.1% from a year ago, data from the National Bureau of Statistics showed on Friday, as the country battles soaring pork prices amid the spread of African swine fever.

    In particular, pork prices rose 27% from a year ago in July while fresh fruit prices rose 39.1%, the data showed.

    The July figures follow an 8.3% year-on-year jump in June. Non-food items in July were 1.3% higher, government data showed.

    Chinese fruit supply has been hurt by severe weather that hurt crop production this year, sending prices of apples up sharply. China is the world’s largest producer and a major consumer of the staple fruit.

    The official inflation data came after China confirmed Tuesday it will be suspending imports of agricultural products from the U.S. in response to President Donald Trump’s new tariffs.

    U.S. exports of fruits to China have already been falling in the last year with fresh fruit exports falling to $123 million from July 2018 to June 2019 — down by about half from $239 million the previous year, data from the U.S. Department of Agriculture (USDA) showed.

    The USDA said in a June report that the U.S. remained China’s top Northern Hemisphere supplier for apples even with a 50% tariff on the import of the fruit.

    Overall, China’s Consumer Price Index (CPI) rose 2.8% from a year ago in July, slightly higher than the 2.7% analysts in a Reuters poll had expected.

    “Surging pork prices continued to push up consumer price inflation,” said Julian Evans-Pritchard, senior China economist at Capital Economics. But “weakening demand dragged producer price inflation into negative territory last month,” he wrote in a Friday note.

    Producer Price Index fell 0.3% in July from a year ago, compared to the 0.1% decline analysts in the Reuters poll had expected.

    That was the first time China’s PPI — a gauge of corporate profitability — fell in three years, adding to concerns of deflationary risks in the world’s second largest economy.

    This comes as China and the U.S. continue to be locked in a prolonged tariff battle that has dragged on for more than a year. Both countries have slapped additional levies on billions of dollars worth of each other’s goods, and the escalating tensions have spooked world markets and hurt the global economic outlook.

    With accelerating consumer prices and the return of falling producer prices, “the upshot is that China faces the worse of both worlds,” wrote Evans-Pritchard.
     
  7. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I've been doing marketing for fruits in the last 15 years, Chinese apples in Singapore used to be very cheap, it's like you can get 10 apples for $2 or $2.50. Today, there are not much cheaper than Australian and NZ apples, maybe 10% cheaper only and many times the same price. I usually get organic NZ apples for like $6-7 a kg. Chinese fuji apples cost $5-$6 a kg.
     
  8. alor

    alor Well-Known Member Silver Stacker

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  9. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    In case anyone wonders how much formula milk in China costs. Granted friso is a netherlands brand, but it is actually one of the more affordable "imported" brands. Local brands are also not much cheaper, maybe 20% less.

    https://friso.tmall.com/

    4 cans of Friso stage 3 900ml costs 912 yuan (USD128).

    https://detail.tmall.com/item.htm?s...36f14PczIwE&id=568721685116&scene=taobao_shop

    Prices in Singapore are about the same, so it costs pretty just as much to feed a baby in China as it is in Singapore. But since wages differ, it is super expensive to buy baby milk on a Chinese wage.

    900 ml gives you 100 scoops of milk. A baby can easily drink 600-800ml of milk a day. Each scoop gives you 40ml so 15-20 scoops a day. 1 can of 900ml lasts only 4-6 days. The 4 cans can last only 1 to 1.5 month.. If you consider that a factory worker earns 3000 yuan a month, a factory worker can only support 1 baby and only assuming both parents work full time because they will also need to support their parents. There's no money for a 2nd baby. And no money for hospital bills if anyone falls sick.

    And this is when the economy is good and there is almost full employment.
     
    Last edited: Oct 7, 2019
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  10. alor

    alor Well-Known Member Silver Stacker

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    warm and direct, some young like them
     
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  11. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Last edited: Oct 10, 2019
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  12. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    The activists will simply say that the reason that the sun is going through a Grand Minimum is because of CO2 emissions.

    You can't fix stupid.
     
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  13. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    [​IMG]
     
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  14. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    China are allready at a point that the usa is not a threat to them

    and to the chinese spies: I for one welcome our chinese friends
     
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  15. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    I’m not so sure of that. Even though the US military are over stretched and exhausted that are still formidable and most importantly they know how to fight and how to kill. The US military have an officer class that has had nearly constant battle experience since WWII and US commanders and admirals know how to handle chaos in the battlefield and they expect it. Chinese commanders and admirals have nice copies of American uniforms and copies of American and British command structures but they have no experience and all and will not know what to do when the fighting starts and their plans fall apart whereas the Americans expect their battle plans to likely be foxed as soon as things get hot and they know how to adapt. China’s commanders control a poorly trained and equipped peasant army so I doubt that they can compete in conventional battle.

    The only advantages that the Chinese may have are in a technological war using machines instead of troops and they are not there yet and the more ominous advantage - that in general the Americans try to avoid civilian casualties whereas the Chinese Communist Party is likely to place victory ahead of slaughter and therefore will not be so constrained by rules of engagement as Western armies.
     
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  16. JulieW

    JulieW Well-Known Member Silver Stacker

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    I'm not sure that war will be the way the Chinese end up owning Australia. Our numpty politicians and their greasy palms have just about sold us out already.
     
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  17. alor

    alor Well-Known Member Silver Stacker

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    it is just cheaper to buy some people
     
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  18. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Joseon was a vassal state of China because China appoints the Joseon King and crown prince. There's no need to own the country, just own the elites in that country and make sure they are weak and can't revolt.

    That's why Korea stagnated for centuries and was basically the poorest country in the world until the Japanese took over.
     
  19. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    I have no doubt that both Rudd and Turnbull were and are in the service of Beijing.
     
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  20. alor

    alor Well-Known Member Silver Stacker

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    we go for the "SILVER SIDES"

    [​IMG]
     

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