It is unlikely that the price of edible oil will increase sharply in the second half of the year

Recently, the market circulated news that the rising price of edible oil is clear. The reporter was informed that some famous brands of edible oil prices are true, but the possibility of sharp rise in edible oil prices in the coming months is unlikely.

Yihai Kerry related sources told reporters on August 3 that the company’s gold dragon fish prices news is true.

The reporter learned from Beijing Yuquan Road Grain and Oil Wholesale Market Information Department that on August 3rd, “Arowana” soybean oil per box (5 liters×4 barrels, the same below) was 220 yuan, up 10 yuan; “Fulinmen” soybean oil per Box 212 yuan, up 10 yuan; "Huifu" soybean oil per box 206 yuan, up 8 yuan; "Aurora" blending oil 240 yuan per box, up 8 yuan.

Yuquan Road Market Information Department sources said that the current factory price adjustment will increase. As one of the leading brands in the soybean oil market, “Arowana” announced an increase in the ex-factory price, which has played an exemplary role in the price adjustment of other brands.

As for the next trend of edible oil prices, Hong Tao, an expert on market operation and control of the Ministry of Commerce and professor at Beijing Technology and Business University, believes that the power of rising oil prices will not be too strong. First of all, June to August is the off-season of edible oil consumer market, and the demand for pulling power is very small. At the same time, from the current market situation, supply is greater than demand. The national edible oil reserves are relatively abundant, at least about 1 million tons. In addition, international edible oil prices are depressed. Therefore, in the coming months, edible oils will be dominated by promotions, and there is little possibility of sharp rises.

Hong Tao said that from the past, the law of the market, New Year's Day and the Spring Festival is often the peak of annual oil price increases, June to August into the seasonal decline, followed by the "golden nine silver ten" sales season.

Zhao Xue, an analyst at Zhuo Chuang Information Oils, said that since last week, the soyoil oil bulk market has seen a substantial increase. With the arrival of the Mid-Autumn Festival, the market will enter a round of stocking period, which will support the formation of oil prices. As the supply of upstream soybeans is always tight, the trend of soyoil price increase in the second half of the year will not change and will rise in the shock. However, as the price fluctuations of finished small packaged oils will be directly reflected in the market, and grain and oil is an important part of the people's livelihood, the government's monitoring efforts are strong, so small packaged cooking oil price fluctuations will be slightly more cautious.