CPI high oil prices in Ji'nan have gone up and down

time:10-08-14 forum:Daily necessaries
  Reprinted from http://finance.sina.com.cn/china/dfjj/20100813/15028478248.shtml

newspaper Ji'nan (reporter Qu Xuan) recently, July CPI announced that the year on year up 3.3% of the data to create a new year's high. With this data, the news that edible oil prices will soon rise is also rampant.

reporters learned from Carrefour, big fat mart and other major supermarkets that the rising trend of edible oil is mainly soybean oil (8208162.00,2.01%). For example, the 5 litre of soybean oil (4104,55.00,1.36%) is raised from 2 yuan to 3 yuan per barrel, and the price of Fuling gate is 5 yuan to 3 yuan to 5 yuan per barrel.

according to Guotai Junan Securities Industry Analyst, the price rise of soybean oil is closely related to the rising price of international soybean futures. Last week, the international price of legumes continued to strengthen, to bring positive impact on the domestic market, the market bullish is expected to rise, most of the manufacturers are in succession to raise the price of sales. Secondly, with the coming of two domestic sections, the peak period of domestic oil consumption is coming, which will have a positive impact on the market.

apart from the rising price of soybean oil and salad oil, the price of peanut oil on the market in Ji'nan is relatively stable, and many brands are still making price promotions. At Carrefour supermarket, the main brands of peanut oil are discounted, the general decline is around 10%, the maximum decline is close to 20%. All the edible oil products are promoted by the way of direct drop and bundling.

the price of 5.436L peanut oil was reduced from 96 yuan to 89.9 yuan. Fulin gate 5L peanut oil was reduced from 98 yuan to 78.8 yuan. Lu Hua 5L peanut oil from 99.9 yuan to 89.8 yuan per barrel, 5.436L peanut oil from the original price of 108.9 yuan to 98.9 yuan, are about 10 yuan cheaper, an average reduction of about 10%.

in the calendar, the food oil such as fowlun gate, Lu Hua and Jinlong fish also launched a variety of sale promotion measures, and the overall price level is similar to Carrefour.

supermarket supplier Mr. Tu said that since July, peanut oil has entered the off-season of sale. The discount price of peanut oil brands is mainly to attract consumers by promotional means, and there has not been much change in the price of peanut oil production.

approaching the Mid Autumn Festival and national day, many consumers worry that cooking oil will take the opportunity to adjust prices. In this regard, Mr. Zhang, a major wholesaler in Ji'nan's grain and oil wholesale market, said that before the Mid Autumn Festival, all kinds of sales of edible oil will continue to appear, the price war will continue, so the price of edible oil is not likely to increase.

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