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Edible oil will rise in price
Bulk cooking oil prices fell enterprises are actively organizing the supply of goods, the near future is still likely to fall

After a period of continuous rise, cooking oil prices have fallen. 15, the city price monitoring center monitoring shows that this week, the urban bulk cooking oil wholesale prices, retail prices have fallen, which the wholesale price fell 6%, is expected to the near future, the cooking oil prices will still be a small decline.

Status Bulk Cooking Oil Prices Falling

Monitoring data show that this week, the city bulk cooking oil prices are stable and declining, rapeseed oil, soybean oil (first-class bulk) wholesale price of about 7.80 yuan per catty, compared with last week's 8.30 yuan per catty fell 6%; bulk rapeseed oil, soybean oil retail price of 8.30 yuan per catty, compared with the last week's 8.50 yuan per catty fell 2%. The retail price of bulk vegetable oil and soybean oil was 8.30 yuan per catty, down 2% from 8.50 yuan per catty last week. Supermarkets in the barrel of cooking oil prices are basically stable, Fulinmen soybean oil (first-class barrel) for 64.50 yuan / 5 liters, Luhua barrel peanut oil (first-class pressed) for 129 yuan / 5 liters, the price is the same as last week.

It is understood that the city's bulk rapeseed oil is mainly purchased from the local, bulk soybean oil is mainly transferred from Shandong and other places. Yesterday, in the city on Dongfeng Road, Zhuhai grain and oil store, a shopkeeper surnamed He said that in recent days, the price of bulk oil fell a little bit, down 0.2 yuan per catty or so, salad oil from 8.5 yuan per catty to 8 yuan, the biggest drop.

Downtown Times, Century Lianhua, Sugo and other supermarkets barrels of cooking oil prices in the beginning of this month after the upward adjustment, this week's prices have remained stable.

Analysis of the comprehensive regulation of factors due to

March 5, the National Development and Reform Commission and the State Food Administration issued a notice requesting the correct understanding of the current market situation of edible vegetable oils around the guidance of enterprises to do a good job in the production, sales and supply of edible oils and other work. In addition, approved by the State Council, the implementation of the 2008 soybean 1% temporary import tariff termination period from March 31 to September 30, greatly reducing the cost of soybean imports, suppressing the rise in vegetable oil prices. At the same time the state to increase agricultural subsidies, strict control of agricultural price increases, strong support for oil planting and other measures, has led to a significant increase in the area of soybeans and rapeseed planting.

Market adjustment factors are: in the early stage due to imports of soybeans and soybean oil more for national reserves, making the domestic oil mills large-scale shutdown or delayed production, exacerbated by the domestic supply of soybean oil tight, the price held up. Today, the national reserve is basically sufficient, the oil mill raw materials have been effectively supplemented, the domestic soybean oil supply and demand relationship gradually eased. In addition, Southeast Asia's palm oil production increased, South American soybean production, making the international futures soybean oil prices continuously lower, the current international futures price of soybean oil (equivalent to RMB) for 10,820 yuan per ton, compared with 11,768 yuan per ton last week, a decline of 8.1%, a greater impact on the domestic market.

The city's major supermarkets selling barrels of cooking oil, the city's price department launched a temporary price intervention measures, daily monitoring of cooking oil prices, strict control of cooking oil wholesale and retail price differentials, and seriously investigate and deal with violations of the price increase, to maintain the stability of the cooking oil market.

Trends in recent price stabilization tends to decline

The impact of rising international soybean oil prices, coupled with a shortage of raw materials such as rapeseed, from late February the city's wholesale prices of bulk cooking oil, driven by the rise in retail prices, and at the same time, to the barrel of edible oil supply to bring greater pressure, once caused by some of the supermarkets in the barrel of the brand of soybean oil out of stock.

City Shouxing Vegetable Oil Co., Ltd. a person in charge surnamed Du, the recent price of rapeseed and other raw materials has fallen from 3.20 yuan per catty down to 3.15 yuan.

City Times Super Shopping Center edible oil counter responsible person, at present, Luhua, Fulinmen, Jinlongyu and other brands of peanut oil, blending oil, sufficient supplies to ensure that there is a daily supply. For the tight situation of soybean oil, the supermarket has organized a number of barrels of soybean oil supplies, will be put on the market in the near future.

The reporter also learned from the Municipal Food Bureau, the city's food sector is also actively organizing sources of supply, increase the amount of edible oil market, to ensure that the market supply is not stalled, not off-sale.

According to the city's price monitoring center predicts that with the further implementation of national macro-control measures, the market price of goods fell, the supply increased, the recent price of edible oil in our city will still be a slight decline in the market.

All-China Federation of Industry and Commerce Agricultural Industry Chamber of Commerce Secretary General Xia Fan told the "Huaxia Times" reporter: "Soybeans have been controlled by multinational corporations, this is an overall production

Industry chain of the problem, involving soybean planting, processing and many other links. Soybean prices are rising, not by chance."

Oriental Eiger agricultural consultant Ma Wenfeng told reporters that China's soybean relies on imports a lot, the scale of more than 40 million tons, accounting for more than 70% of the total domestic demand.

The dependence on U.S. soybeans is the most powerful. ADM, Bunge, Cargill, Louis Dreyfus four multinational companies have monopolized 80% of China's imported soybean resources. "The main

producing regions in the country, such as the northeastern provinces and districts, Shandong, Henan and other provinces, have limited arable land resources, so many farmers have switched to corn, cotton and other crops. Domestic soybean production has been

declining."

Sources close to the situation revealed that there are edible oil manufacturers, including soybean oil, due to cost pressures and apply to the relevant departments to adjust the ex-factory price, but the specific

rate of increase and price adjustment time can not be finalized.

The reporter learned from a well-known domestic edible oil producers, it is estimated that in the next month, in addition to peanut oil, the price of other edible oils will be reproduced in the price increase.

There is also news that the 5-liter soybean oil, blended oil and corn oil of the first-tier brands are currently approved at a retail price of about 55 yuan, 75 yuan and 85 yuan, respectively, while

the manufacturers' target adjustment price of 65 yuan, 85 yuan and 95 yuan, respectively.