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    Recent Export Situation Of China'S Mink Under Financial Crisis

    2009/3/9 0:00:00 39

    The global financial tsunami triggered by the United States has spread to the European continent, and the Eastern European market which has limited relevance to the international financial market can not escape being looted. The Eastern European countries are facing the worst economic recession in 10 years and may become the "worst hit area" of the second wave of the tsunami.

    According to Hongkong's Wen Wei Po, Russia, as the largest economy in Eastern Europe, has a "drop in line". The sharp drop in oil price, the withdrawal of funds, the high external debt, the depreciation of the currency and the rising unemployment rate have led to a severe situation in the political, economic and social situation. If the financial difficulties continue to deteriorate, it will become a "reprint" of the financial crisis in Southeast Asia ten years ago, and even lead the country into bankruptcy crisis.

    In an interview with China Securities Journal, Li Jianmin, a researcher from the Russian Academy of East European and Central Asian Studies, pointed out that under the export oriented economic structure of Russia, the Russian economy has been closely linked to the international energy market for a long time.

    In particular, the international crude oil price has almost become the "lifeblood" of the Russian economy.

    In the past ten years, international oil prices have surged forward and Russia has made a lot of money.

    The Russian government has repeatedly stressed itself as a "safe haven" and "safety island" in the financial crisis.

    However, as the financial crisis continues to spread, oil demand in the international market sharply decreases and oil prices fall sharply, the Russian economy will plunge into the first recession in ten years.

    According to the latest figures released by the Russian Ministry of economic development, the gross domestic product of Russia increased by 5.6% over the previous year, and the growth rate dropped by 2.5 percentage points year-on-year.

    In January this year, Russian industrial production decreased by 16% compared with the same period last year, the largest decline in 15 years.

    On this economic data, Li Jianmin believes that Russia's economic trend will be directly related to oil prices.

    If oil prices do not fluctuate too much in the future and maintain at 50 US dollars per barrel, Russia will be able to generate profits and generate revenues on foreign exchange. If the oil price is restored to $70, Russia's debt risk pressure will be reduced, and it will be able to adjust the economic development to a virtuous circle.

    However, the world is not so satisfactory. Because of the poor economic situation, many private enterprises in Russia are unable to repay the debt maturity, and the debt crisis may drag down the whole financial system.

    Li Jianmin pointed out that Russia has about 150 billion dollars in foreign debt this year. Banks and enterprises can only rely on the government to repay them without funds.

    Because the government has the ability to take risks, although foreign debt will not be affected in the short term, there may be a peak of debt repayment in 2011.

    Whether the debt repayment can be dealt with at that time really tests Russia's strength.

    Other countries in Eastern Europe are also heavily indebted.

    According to the bank for International Settlements, as of the end of 2008, the total foreign debt of Eastern European countries had exceeded US $1 trillion and 540 billion, of which Poland and Czech accounted for 100% of their GDP, while Hungary's external debt was more than two times of its GDP.

          一、首先從宏觀經濟與行業發展的關系方面分析

    Recently, Russia's economy, which is closely related to domestic mink breeding industry, has made me even more worried about the development of mink breeding industry in China. As we all know, the sales channels of domestic mink are mainly Russian merchants. But from the recent news reports: the Russian economic downturn can continue for a period of time, which will directly affect the development of the long mink industry.

          二、從國內市場分析

    Here is a personal view on the market, hoping to provide some advice to farmers.

    1, from the current garment processing plant, the first is 08 years of processing clothing sold at a low price, but there is still a lot of inventory.

    Directly leading to the start of the 09 year market will be postponed until around May, or even later.

    2, at present, there are a lot of stock in the raw leather market, which is expected to be around 2 million.

    3, middlemen overstock part of the leather stock, it is understood that 08 years of seasonal leather sales rate of about 50%, and a large number of skin backlog.

    4, the unpredictability of the economic crisis directly affects the confidence of all links in the breeding chain and causes panic.

    In view of the above factors, I personally think that the ups and downs of the market in the 09 years will not be too great. Under certain circumstances, we may have problems that we do not want to see. The price of leather continues to slide on the basis of current prices. We hope that the customers will do a good job of making up the proportion of hormone sheets according to their own strength, and do well in 1-2 years' long-term breeding plan.

    Current market situation: the market is close to the market. Occasionally, the price of purchasing leather is as follows:

    Dalian Gong: 260---280 yuan / mother: 150---170 yuan / strip.

    Shandong Gong: 210---240 yuan / mother: 130---150 yuan / strip.

    The above prices do not represent market prices because of smaller volume.

    Editor in chief: Xu Qiyun

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