Since the beginning of this year, the price of edible oil around the world has been rising, and behind this, the rise in vegetable oil prices has "borne the brunt". The data shows that Malaysian palm oil futures prices have soared by more than 40%, while soybean oil prices have risen by more than 50%, and the price of rapeseed oil has also hit a new high, and such a staggering rally has also raised concerns about global food price inflation. Affected by the international market, the domestic edible oil price is also in an upward trend, many consumers said that the edible oil increased somewhat large compared with last year, and a barrel of oil rose by a few yuan in recent times. So what is the current price of edible oil? What are the reasons for the rise? Let's take a look at the latest market of edible oil prices.
Peanut oil: peanut oil 9 yuan / kg in Jingxing County, Shijiazhuang City, Hebei Province, peanut oil 12 yuan / kg in Da'an City, Baicheng City, Jilin Province, peanut oil 13 yuan / kg in Jimo District, Qingdao City, Shandong Province, 13 yuan / kg in hengyang County, Hengyang City, Hunan Province, and 12.5 yuan / kg in pure peanut oil in Enping City, Jiangmen City, Guangdong Province.
Olive oil: 34.95 yuan / jin of olive oil in Daowai District, Harbin City, Heilongjiang Province, 39.8 yuan / kg of olive oil in Taicang City, Suzhou City, Jiangsu Province, 38 yuan / kg of olive oil in Haidian District, Beijing, and 30 yuan / kg of olive oil in Tangyin County, Anyang City, Henan Province.
Rapeseed oil: 10 yuan / jin of rapeseed oil in Huangpu District, Shanghai, 12 yuan / jin of rapeseed oil in Dongzhi County, Chizhou City, Anhui Province, 12.83 yuan / jin of rapeseed oil in Le'an County, Fuzhou City, Jiangxi Province, 11 yuan / kg of rapeseed oil in Zaoyang City, Xiangyang City, Hubei Province, 12.2 yuan / kg of rapeseed oil in Yuanjiang City, Yiyang City, Hunan Province, 14.72 yuan / kg of rapeseed oil in Yunyan District, Guiyang City, Guizhou Province, 7.75 yuan / kg of rapeseed oil in Shuangliu District of Chengdu City, Sichuan Province, and 13 yuan / kg of pure rapeseed oil in Wushan County, Tianshui City, Gansu Province.
Palm oil: Palm oil 5.75 yuan / jin in Tianqiao District, Jinan City, Shandong Province, 6.62 yuan / jin in Baoshan District, Shanghai, 5.95 yuan / jin in Yubei District, Chongqing City, Chongqing City, etc.
Soybean oil: soybean oil 8 yuan / kg in Yongnian District, Handan City, Hebei Province, 7.2 yuan / kg soybean oil in Arong Banner, Hulunbuir City, Inner Mongolia, 8 yuan / kg soybean oil in Wuchang City, Harbin City, Heilongjiang Province, 6.5 yuan / kg of soybean oil in Huicheng District, Huizhou City, Guangdong Province, soybean oil in Funing County, Yancheng City, Jiangsu Province, 8 yuan / kg, etc.
Remarks: The above prices are from the wholesale quotation of the origin of the supply hall of Huinong Network, non-market retail prices, for reference only!
1. Peak consumption season
Affected by the demand for winter stockpiling, grain, oil and rice noodles have become the protagonists of this peak consumption season, and the demand for downstream markets will gradually increase. Therefore, in the midst of this change in supply and demand, the price of edible oil has risen.
2, raw materials rise
As early as last year, the raw materials of edible oil have risen by as much as 20%, and the prices of raw materials such as soybeans, perilla, rapeseed and so on have risen rapidly. The rise in the procurement cost of enterprises has pushed up the terminal market price of edible oil.
3, the number of imports decreased
China's edible oil dependence on foreign countries is more than 60%, such as soybean oil in the United States, palm oil in Malaysia and rapeseed oil in Canada, which are the main import objects of China. However, due to the impact of the epidemic, there is a shortage of foreign labor, and the output of various types of edible oil has declined seriously. Correspondingly, the quantity of China's imports will decrease, and the tight supply of the market will induce price increases.
Although the current price of edible oil is rising, the demand for per capita edible oil consumption is still strong. However, in the face of the variety of edible oil types in the supermarket, which edible oil to choose is good? In fact, different types of edible oils are not the same due to their different nutritional components, so it is best to choose a suitable cooking oil for yourself.
For example, peanut oil has a more balanced composition, soybean oil fatty acid ratio is also better, olive oil is rich in unsaturated fatty acids and so on. In addition to the difference in nutrient composition, different types of cooking oil are also suitable for cooking methods, such as peanut oil is resistant to high temperatures and suitable for frying; olive oil is fragrant and suitable for cold mixing and stir-frying.
First of all, in the international market, the overall prospects for edible oil production will still be poor, in the face of this winter's epidemic and the impact of the weather, it is expected that the output of raw materials such as rapeseed will decline, and the tight supply situation may continue until next year. In desperation, suppliers can only pass on higher cooking oil costs to consumers, which is expected to further increase the inflationary pressures facing the world.
Then there is the domestic market, affected by the international market, the domestic edible oil price increase tide is also spreading. Specific to the category: palm oil imports continue to invert the tight supply pattern will continue, continue to support palm oil prices; rapeseed oil recent supply is still not much, but due to high prices, demand is not very good, it is expected that the tight state is difficult to alleviate in the short term, prices or will be stable and stronger operation; soybean oil last week crushing fell, soybean oil inventory fell, spot prices strengthened.
In summary, whether it is the international market, or the domestic market, there is currently no good way to alleviate the pressure on raw material costs, take rapeseed oil, under the pressure of cost, futures prices continue to rise at the same time, vegetable oil crushing costs also increased immediately, it is expected that the price or will still maintain a high level of operation, coupled with the impact of supply and demand, soybean oil, palm oil, etc. are expected to be the same as rapeseed oil is also difficult to escape the fate of rising. However, we do not have to be highly sensitive to the price increase of grain and oil, as far as China is concerned, grain and oil still have sufficient supply guarantees, and there is enough ability to digest the fluctuation and rise of costs. Finally, would you like to ask you if you have felt the increase in the price of edible oil? What is your opinion on the current trend of the edible oil market? Welcome to leave a message to discuss.