Peanut oil prices in Ji'nan rose to its highest level in three years, 5L rose 1 yuan in 20 months.
http://news.iqilu.com/shandong/yaowen/2012/0618/1251183.shtml
Qilu Evening News
Ji'nan June 17th news (reporter Cui Bin) after April, the three big edible oil giants collectively raised about 10% of the price of peanut oil, this round of rising tide has not stopped. On the 17 day, the price of 5L installed peanut oil in major supermarkets in Ji'nan has increased by 10 to 20 yuan compared to a month ago. The price of a barrel of 5L installed peanut oil has reached 132.9 yuan. This is the highest price of peanut oil since October 2009.
expert analysis shows that the price of peanut oil in this round is rising sharply from the price of raw peanuts, and the consumption demand of peanut oil continues to grow strong with the increase of living standards. The price of peanut oil will continue to continue for some time. New peanuts are generally listed in August and September. The supply of peanut oil will be tight before the new season is listed, and the price of peanut oil is difficult to turn down.