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Has the price of cooking oil increased?
Recently, the edible oil giant's application for price increase was approved. Will this trigger a new round of "price increase tide" of edible oil? After the application for price increase was approved, Arowana and Hu Jihua kept a low profile. Not only did they not disclose the extent and time of the price increase, but they also said yesterday that they applied when the price of raw materials rose sharply in the previous period. The current raw material market has changed, and the price increase remains to be studied. COFCO, which belongs to another edible oil giant "Fulinmen", also made a similar statement. In addition, another giant, Shandong Lu Hua Group, recently submitted a price increase declaration, but "Lu Hua" indicated that it would not raise prices in the near future. The reporter learned that the three major edible oil companies are relatively low-key about price increases. On the one hand, they are worried that the consumer market will be affected, on the other hand, it is also related to the recent sharp "diving" of international soybean oil prices. Affected by this, the retail price of edible oil in China fell for the first time after the Spring Festival last week.

The day before yesterday, the National Development and Reform Commission announced that the application for price increase of edible vegetable oil in small packages submitted by Yihai Kerry Investment Co., Ltd. had been approved, but the announcement did not mention the time and extent of price increase. In this regard, Shu Jianqun, spokesman of Kerry Grain and Oil Company, said yesterday that an application had been submitted to the National Development and Reform Commission last month, and the application content was also based on the international and domestic raw material prices at that time. However, the price of main raw materials of edible oil has fluctuated greatly recently, and the company is still studying whether to increase the price. Another edible oil giant, COFCO, said that due to the high price of raw materials, the company recently applied to the National Development and Reform Commission to raise the price of its blended oil, salad oil and other varieties, and has not yet received a reply. A spokesman for the company said that the application for immediate price increase was approved and the company would reconsider the price increase. "The price of soybean oil is very unstable recently, and we will decide whether to increase the price according to the market situation."

The reporter was informed that the oil brand of Kerry Grain and Oil accounts for more than 45% of the domestic small package edible oil market, while the grain and oil brand of COFCO also accounts for more than 30%. If the two companies raise prices in an all-round way, it means that the market price of small packaged edible oil in China will rise as a whole, and the two groups are also quite cautious about this matter.

In addition to considering the consumer market, the extreme instability of the current raw material market is also the reason why Yihai Kerry and COFCO are worried about price increases. According to Kerry Grain and Oil Shu Jianqun, the company proposed it on March 20th, during which the international and domestic soybean oil prices just changed greatly. It is understood that at the end of February, the domestic first-class soybean oil price continued its upward trend in 2007, and once rose to 1.6 million yuan/ton. However, since mid-March, the price of soybean oil futures has rapidly turned down, and it has repeatedly staged a high platform "diving". On March 19, the average price of domestic bulk first-class soybean oil was 13438 yuan/ton, down 279 yuan/ton from the previous day; As of March 25th, the domestic soybean oil futures price has fallen to 1 1500 yuan/ton. According to industry sources, Yihai Kerry and COFCO currently own several edible oil brands, but products mainly based on soybean oil, such as blended oil and salad oil, occupy a large part of the market, so they are greatly affected by the futures price of soybean oil. Faced with the recent drastic changes in the market price of soybean oil, edible oil enterprises cannot make accurate market judgments quickly.

According to the latest news released by the Ministry of Commerce of China yesterday, the retail price of edible oil in China dropped by 0. 1% last week (March 24-30), the first drop since the Spring Festival.

The promotion of edible oil in the supermarket continues.

Yesterday, the National Development and Reform Commission agreed to the price increase application of edible oil enterprises. How did the market react to this? To this end, the reporter visited a number of supermarkets such as Baijia, Trust-Mart and Wanjia, and found that the edible oil supply in Guangzhou market is sufficient at present. Not only has there been no price increase, but the promotion activities are still going on.

The reporter saw in many supermarkets that in the supermarkets visited, in addition to the edible oil stored at special prices, the shelves of edible oil were filled with edible oils of different sizes. Generally speaking, there are about 30 kinds of edible oils of different brands and types. Supermarket promoters said that these products are well supplied and there is no shortage of supply in the near future.

At the same time, the reporter found that the prices of these edible oil products currently on sale have not risen, and many of them are doing special promotions, and the price reduction range is above 2 yuan. Many products of Yihai Kerry Investment Co., Ltd., which applied for price increase this time, including Arowana Peanut Aromatic Edible Blend Oil, Hu Jihua Peanut Oil, etc., all have different degrees of price reduction. The reporter found that the first-grade press oil of Hu Jihua even dropped from 96 yuan to 84.6 yuan, reaching as high as 1 1.4 yuan.

In addition, "Fulinmen" blended oil and "Lu Hua" peanut oil have also been popularized to some extent. For example, "Lu Hua" crushed first-class peanut oil from 49.8 yuan to 46.8 yuan. In this case, Yin Cheng, manager of Lu Hua Group Guangzhou Branch, said that the price reduction promotion of supermarkets is generally done by manufacturers, and the main purpose is to attract consumers to make profits.

The prices of peanut oil and rapeseed oil have not dropped.

According to the market monitoring released by the Ministry of Commerce yesterday, the national retail price of edible oil dropped by 0. 1% last week (March 24th to 30th), which was the first drop after the Spring Festival.

Among them, the retail prices of soybean oil and blended oil decreased by 0.3% and 0.2% respectively; The prices of peanut oil and rapeseed oil were the same as the previous week. The Ministry of Commerce predicts that the soybean oil market price will continue to maintain the current weak consolidation trend in the later period, and it is unlikely to drop sharply; In the short term, it will be difficult for the domestic peanut oil market to fall sharply, and the market outlook will still be dominated by the current weak price consolidation; Before the new rapeseed came on the market, the tight supply situation of rapeseed oil in China was difficult to change, and the price would remain high in the later period.