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Peanut oil prices fell back, down nearly 20% from the beginning of the year

author:Guangzhou Daily

Today (October 27), the Guangzhou Municipal Development and Reform Commission released the "Statistical Information on grain and oil circulation in Guangzhou from January to September 2021". From January to September, the grain and oil market in Guangzhou ran smoothly, the market turnover increased steadily, and the inventory was abundant. Among them, the price of peanut oil fell from a high level, the price was 16550 yuan / ton, down 17.3% from the beginning of the year, a drop of nearly 20%.

□ From January to September, the city's grain market revenue reached 10.367 million tons

The grain market is actively traded. Since the beginning of this year, there have been sporadic epidemics in many parts of the country, the flow of residents across the city has decreased, and the number of citizens who stay on holidays and festivals has increased significantly, which has formed a certain boost to the demand for grain consumption in Guangzhou, the production and operation of grain processing, sales, transformation and other industries have been carried out normally, and the once stagnant soybean crushing business has gradually recovered. In addition, the number of grain reserves at the municipal and district levels also increased significantly compared with the same period last year, which led to a significant rebound in the volume of grain market turnover in Guangzhou.

Peanut oil prices fell back, down nearly 20% from the beginning of the year

Among them, the revenue and expenditure of rice were 2.008 million tons and 1.971 million tons, an increase of 8.6% and 3.6% respectively year-on-year; the income and expenditure of wheat were 2.861 million tons and 2.701 million tons, an increase of 90.2% and 76.9% respectively; the amount of income and expenditure of flour was 236,000 tons, an increase of 19.2% and 19.8% respectively.

The revenue and expenditure of corn were 1.770 million tons and 1.839 million tons, an increase of 14.4% and 20.0% respectively year-on-year; the revenue and expenditure of rice were 792,000 tons and 808,000 tons, up 3.3% and slightly down 2.1% year-on-year, respectively; and the revenue and expenditure of soybeans were 166,000 tons, a significant increase from the same period last year.

On the whole, from January to September this year, the revenue and expenditure of the city's grain market were 10.367 million tons (raw grain) and 10.282 million tons (raw grain), an increase of 23.1% and 19.8% respectively year-on-year.

In terms of grain prices, from January to September this year, the number of grain imports in China increased significantly over the same period last year, of which rice, corn, sorghum and other varieties increased by more than 1 times, and the increase in wheat and barley also exceeded 20% and 80%. Under the influence of the factors of the recovery of production capacity in the pig breeding industry, wheat prices rose moderately, while rice and other varieties lacked demand boost, and in the context of loose supply, prices showed a trend of high and low, weak finishing.

According to monitoring, at the end of September, the prices of white wheat (2780 yuan / ton) and Jinan 17 wheat (2830 yuan / ton) in Guangzhou were slightly higher, with an increase of about 3%-7% during the year; the prices of Fengliangyou rice (3040 yuan / ton), Fengliangyou rice (4380 yuan / ton), early indica rice (2940 yuan / ton), and early indica rice (3710 yuan / ton) weakened, with a decline of between 4% and 8% during the year, and Vietnamese white rice (3149 yuan / ton) fell by nearly 15% during the year.

□ Soybean oil and palm oil prices rose, peanut oil prices fell

The oil and fat market is generally stable. From January to September this year, the situation of prevention and control of the new crown pneumonia epidemic in Guangzhou was generally good, although there were occasional epidemics, but it had little impact on the processing and sales of oils and fats, and the transaction volume of major oil and fat varieties was differentiated, but the total amount of market transactions remained stable.

Among them, the revenue and expenditure of peanut oil were 168,000 tons and 171,000 tons, down 14.7% and 13.2% year-on-year, respectively; the revenue and expenditure of soybean oil were 776,000 tons and 792,000 tons, an increase of 23.2% and 29.4% year-on-year, respectively; the revenue and expenditure of palm oil were 1.273 million tons and 1.269 million tons, which were basically the same as the same period last year; the revenue and expenditure of blended oil were 281,000 tons, down 7.9% year-on-year, respectively. revenue and expenditure on rapeseed oil were 67,000 tonnes and 69,000 tonnes, respectively, down 33.0% and 27.4% year-on-year, respectively.

Peanut oil prices fell back, down nearly 20% from the beginning of the year

On the whole, the revenue and expenditure of the city's oil and fat market were 2.892 million tons and 2.915 million tons, respectively, which were basically the same as the same period last year.

In terms of prices, the price of oils and fats is mainly rising. Since the beginning of this year, affected by the rising commodity prices in the international market, the prices of soybean oil, palm oil, rapeseed oil and other oil varieties with large imports have continued to rise. According to monitoring, at the end of September, the prices of soybean oil, palm oil and rapeseed oil in Guangzhou were 10,180 yuan / ton, 10,000 yuan / ton and 11,950 yuan / ton, up 15.4%, 37.0% and 12.7% respectively from the beginning of the year; while the price of peanut oil fell from a high level, the price was 16550 yuan / ton, down 17.3% from the beginning of the year.

□ Abundant stocks of grain and oil

As of the end of September, the total grain inventory of Guangzhou reached 2.401 million tons, an increase of 26.6% over the same period last year, of which the reserve grain inventory of the municipal and district governments increased by nearly 20% year-on-year. The total inventory of oil and fat was 105,000 tons, down 26.6% from the same period last year, and the total inventory was still at a relatively high level. Abundant grain and oil stocks have laid a solid foundation for the smooth operation of the grain and oil market in Guangzhou.

Text, photo/Guangzhou Daily Xinhuacheng Reporter: Liu Chunlin Guangzhou Daily Xinhuacheng Editor: Su Wanqian

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