Jan 27, 2021 09:57 PM (GMT+8) · EqualOcean
Since the beginning of 2020, the prices of major food crops at home and abroad have increased significantly. The prices of major food crops such as corn, soybean, wheat, medium and late rice in China have increased by 45%, 29%, 3.5% and 14% respectively. Since the beginning of this year, corn prices have continued to rise, reaching a new high in nearly 13 years. The price rise of agricultural products will help to enhance the enthusiasm of farmers, thus driving the consumption and price of upstream agricultural products such as pesticides and fertilizers. Securities analysts believe that fertilizer, as the largest agricultural inputs, is expected to end the five-year industry downturn, and product prices and profit levels are expected to repair and expand.

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