Some edible oil products in the market have risen quietly
The news that edible oil companies' prices are impulsive and difficult to suppress the price increase of edible oils has added to the rising prices.
"Economic Information Daily" reporter learned that, in the country's policy of limiting the price of edible oil, although most companies have said that there is no price increase plan, but the price of some products in the terminal market has quietly rise.
Industry sources pointed out that due to rising costs, many edible oil companies have intensified their losses, and their price increases and impulses are relatively strong. Coupled with the high international soybean prices, these factors may push up the edible oil prices in the second half of the year.
Market terminal prices have been quietly rising. Recently, Huahua Peanut Oil has begun to increase its price and sales. Will it become the first "domino" to push up the price of edible oil?
Beijing Xinfadi Agricultural Products (16.11, 0.00, 0.00%) A grain and oil dealer from the Central Wholesale Market told reporters that the prices of edible oils from other brands have been relatively stable, and the price of 4 bottles of Lu Hua peanut oil has increased by 20 yuan. .
The latest report of Qilu Securities predicts that as the third largest edible oil brand in China, Luhua's first price increase is expected to prompt small businesses to follow suit. The price increase of Lu Hua Peanut Oil is only the first step in compensating for domestic edible oil prices. If related ministries relax the price control in the later period, it is expected that the prices of edible oil including soybean oil, corn oil, etc. will be launched in turn.
"If large enterprises increase prices, SMEs will certainly follow suit." Wang Xiaoyu, deputy secretary general of the Heilongjiang Soybean Association, told the "Economic Information Daily" reporter.
The reporter interviewed the edible oil processing companies such as COFCO and Yihai Kerry in this connection, and all of the responses received were “no price increase planâ€.
The relevant person in charge of the COFCO Group stated that the Fulinmen brand has no price increase plan at present, and the company has optimized its management to increase production capacity and efficiency, control costs, supply high-quality products, maintain market stability and meet consumer demand.
Wang Hongyu, general manager of corn oil production company Xiwang Foods, said that the country has strict control over edible oil prices, and the company has not yet raised its price plan.
"Luhua's products have always taken the high-end route. Products are not as popular as Jinlongyu and Fumenmen. Single-item price increases will not affect the market as much. Other companies are unlikely to follow prices." People told reporters.
Even though most companies did not issue price increase notices, some terminal markets have begun to quietly increase prices. According to a reporter at a large supermarket in the South Fourth Ring Road in Beijing, the price of 5 liters of goldfish in refining first-grade soybean oil and Huifu first-grade soybean oil in April was 57.9 yuan and 51.5 yuan, respectively, and they rose to June. 59.8 yuan and 54.9 yuan.
According to the monitoring data of the Ministry of Commerce, the retail price of domestic edible oil rose 0.2% from the previous week from June 27 to July 3. The retail price of rapeseed oil and peanut oil rose by 0.3% and 0.1% respectively; the price of soybean oil last week Flat.
The loss of actual soybean processing companies has increased. It is understood that at the end of November last year, the National Development and Reform Commission issued a “price limit order†requiring COFCO, Yihai Kerry, China Textile Group, and Jiusan Oils four edible oil companies to no longer increase small packaging edible oils. The price limit order was extended for another two months after it expired at the end of March this year.
At present, the relevant departments have not made any clear statement on whether the “price limit order†will continue to be implemented. The market circulated that the price limit policy will continue until August 15.
Since the above four edible oil companies have a major market share, other companies can only follow the “limit priceâ€. A person in charge of an oil company in Shandong Province said that although the company is not listed in the price limit, but the big brands did not raise prices, small brands did not dare to raise prices, otherwise they could not sell.
The person in charge of a certain oil company in Mudanjiang, Heilongjiang, told the reporter that the price limit measures have a great impact on enterprises, but edible oil is a livelihood product, and some policies are difficult to balance.
The game between market and policy has not stopped. Tu Changming, director of Yihai Kerry fats and oils, said that in March, many small packaged oil and bulk oil dealers were betting the market, and they expected the domestic oil price to increase significantly after the “price limit†expires. 2 In March, sales were very large, and some distributors kept some goods. Later, the government announced that the prices of small packaged oils should continue to be stable, and sales of small packaged oils began to decline after April.
As inflationary pressures continue to increase, many companies interviewed by the reporter realize that edible oil prices are difficult to release. The high costs and poor sales have forced many SMEs to stop production and limit production.
“From the perspective of operating costs, companies have the impulse to increase prices.†Guo Qingbao, editor-in-chief of China Grease Network, told the “Economic Information Daily†reporter that the cost of soybean raw materials has now exceeded 4000 yuan/ton, and the loss situation of soybean processing enterprises has increased. The price of edible oil has not risen, and the consumption of soybean meal has not been good. An enterprise processing a ton of soybeans will have an average loss of 100 to 200 yuan.
A person in charge of an oil company in Shandong Province said that the loss of 400 to 500 yuan per ton of processed soybeans is now a loss of 78 million yuan. "The price should go up, otherwise we can't do it."
In addition to the high cost of raw materials, Wang Xiaoyu is even more worried about the fact that companies cannot receive raw materials, and their future operating conditions are subject to further deterioration. This year, the domestic soybean planting area has decreased by about 30%, and it is expected that the price of soybeans will increase in the later period. It will be even more difficult for companies to acquire raw materials.
For small and medium-sized enterprises, they are not able to enjoy the country's policy of direct sales of low-cost raw materials, as several large companies do, and the operational pressure they face is particularly evident.
Chen Lina, an oil analyst at AEG in the East, told the Economic Information Daily that small packaged edible oil companies have not started to operate since the implementation of the “price limit order,†and soy crushing companies have started operating in recent months if the policy continues. More SMEs will stop production.
Pressure on foreign dependence on prices pushed up prices After the consumer price index (CPI) was announced in June, the market generally expects prices to fall gradually in the second half of the year. However, the rising price of consumer goods, including edible oil, has shown that the price pressure is still not small.
“The price control measures currently adopted by the NDRC, such as interviewing companies, prohibiting price increases, etc., are temporary measures and have limited effect on inflation control, and can only play a short-term regulatory role.†Bank of Communications (5.57, 0.00, 0.00%) Development Study Department of macroeconomic analyst Tang Jianwei said in an interview with the Economic Information Daily.
He said that as inflation expectations become more and more intense, many companies have used price increases as an excuse to raise prices. The spread of this trend is a big challenge to the effective relief of price increases, and it will put pressure on controlling inflation.
Chen Lina believes that in the second half of the year, such as the Mid-Autumn Festival, the National Day of the consumer peak season, generally in the Mid-Autumn Festival and the National Day before the government's supervision of the market will be strengthened.
For products such as soybeans and edible oils, which have extremely high external dependence, the high prices of international bulk agricultural products will have a major impact on the domestic market. It is understood that in recent years, China's soybean and vegetable oil imports have increased rapidly. In 2010, soybean imports reached 54.8 million tons, accounting for 60% of global trade, and vegetable oil imports nearly 7 million tons.
In the international market, the July soybean price in Chicago has rebounded strongly. The news that US soybean production is expected to decrease may further support the strong soybean prices.
"Because of the high price of international bulk agricultural products, the inflationary pressure in the second half of the year is still quite large," said Li Guoxiang, a researcher at the Institute of Rural Development of the Chinese Academy of Social Sciences.
The spokesman of the General Administration of Customs Zhao Fudi recently stated that since the beginning of this year, the prices of global commodities have continued to rise, driving up the prices of China’s imported goods, especially energy and resource products, and at the same time, it has also increased the input inflation of our country to some extent. pressure. In the first half of the year, the average price of some of China's major commodity imports rose by more than 30%, of which soybeans rose by 30.4%.
Guo Qingbao said that prices in the international market have risen sharply, and there is a trend of imported inflation. Cooking oil should increase its self-sufficiency rate, and it must be able to have sufficient say before it can control effectively.
In order to understand the national oil stocks, the National Food Bureau sent a working group to spot-check the edible oil stocks in eight key provinces. It is understood that through random inspections, the quantity, quality, distribution, and structure of the inventory of fats and oils in the investigated oil reservoirs have been thoroughly ascertained, and the basic conditions of the nation's oil and fat inventory management have been mastered, laying a foundation for further improving macroeconomic regulation and control and securing stable prices. .
"Economic Information Daily" reporter learned that, in the country's policy of limiting the price of edible oil, although most companies have said that there is no price increase plan, but the price of some products in the terminal market has quietly rise.
Industry sources pointed out that due to rising costs, many edible oil companies have intensified their losses, and their price increases and impulses are relatively strong. Coupled with the high international soybean prices, these factors may push up the edible oil prices in the second half of the year.
Market terminal prices have been quietly rising. Recently, Huahua Peanut Oil has begun to increase its price and sales. Will it become the first "domino" to push up the price of edible oil?
Beijing Xinfadi Agricultural Products (16.11, 0.00, 0.00%) A grain and oil dealer from the Central Wholesale Market told reporters that the prices of edible oils from other brands have been relatively stable, and the price of 4 bottles of Lu Hua peanut oil has increased by 20 yuan. .
The latest report of Qilu Securities predicts that as the third largest edible oil brand in China, Luhua's first price increase is expected to prompt small businesses to follow suit. The price increase of Lu Hua Peanut Oil is only the first step in compensating for domestic edible oil prices. If related ministries relax the price control in the later period, it is expected that the prices of edible oil including soybean oil, corn oil, etc. will be launched in turn.
"If large enterprises increase prices, SMEs will certainly follow suit." Wang Xiaoyu, deputy secretary general of the Heilongjiang Soybean Association, told the "Economic Information Daily" reporter.
The reporter interviewed the edible oil processing companies such as COFCO and Yihai Kerry in this connection, and all of the responses received were “no price increase planâ€.
The relevant person in charge of the COFCO Group stated that the Fulinmen brand has no price increase plan at present, and the company has optimized its management to increase production capacity and efficiency, control costs, supply high-quality products, maintain market stability and meet consumer demand.
Wang Hongyu, general manager of corn oil production company Xiwang Foods, said that the country has strict control over edible oil prices, and the company has not yet raised its price plan.
"Luhua's products have always taken the high-end route. Products are not as popular as Jinlongyu and Fumenmen. Single-item price increases will not affect the market as much. Other companies are unlikely to follow prices." People told reporters.
Even though most companies did not issue price increase notices, some terminal markets have begun to quietly increase prices. According to a reporter at a large supermarket in the South Fourth Ring Road in Beijing, the price of 5 liters of goldfish in refining first-grade soybean oil and Huifu first-grade soybean oil in April was 57.9 yuan and 51.5 yuan, respectively, and they rose to June. 59.8 yuan and 54.9 yuan.
According to the monitoring data of the Ministry of Commerce, the retail price of domestic edible oil rose 0.2% from the previous week from June 27 to July 3. The retail price of rapeseed oil and peanut oil rose by 0.3% and 0.1% respectively; the price of soybean oil last week Flat.
The loss of actual soybean processing companies has increased. It is understood that at the end of November last year, the National Development and Reform Commission issued a “price limit order†requiring COFCO, Yihai Kerry, China Textile Group, and Jiusan Oils four edible oil companies to no longer increase small packaging edible oils. The price limit order was extended for another two months after it expired at the end of March this year.
At present, the relevant departments have not made any clear statement on whether the “price limit order†will continue to be implemented. The market circulated that the price limit policy will continue until August 15.
Since the above four edible oil companies have a major market share, other companies can only follow the “limit priceâ€. A person in charge of an oil company in Shandong Province said that although the company is not listed in the price limit, but the big brands did not raise prices, small brands did not dare to raise prices, otherwise they could not sell.
The person in charge of a certain oil company in Mudanjiang, Heilongjiang, told the reporter that the price limit measures have a great impact on enterprises, but edible oil is a livelihood product, and some policies are difficult to balance.
The game between market and policy has not stopped. Tu Changming, director of Yihai Kerry fats and oils, said that in March, many small packaged oil and bulk oil dealers were betting the market, and they expected the domestic oil price to increase significantly after the “price limit†expires. 2 In March, sales were very large, and some distributors kept some goods. Later, the government announced that the prices of small packaged oils should continue to be stable, and sales of small packaged oils began to decline after April.
As inflationary pressures continue to increase, many companies interviewed by the reporter realize that edible oil prices are difficult to release. The high costs and poor sales have forced many SMEs to stop production and limit production.
“From the perspective of operating costs, companies have the impulse to increase prices.†Guo Qingbao, editor-in-chief of China Grease Network, told the “Economic Information Daily†reporter that the cost of soybean raw materials has now exceeded 4000 yuan/ton, and the loss situation of soybean processing enterprises has increased. The price of edible oil has not risen, and the consumption of soybean meal has not been good. An enterprise processing a ton of soybeans will have an average loss of 100 to 200 yuan.
A person in charge of an oil company in Shandong Province said that the loss of 400 to 500 yuan per ton of processed soybeans is now a loss of 78 million yuan. "The price should go up, otherwise we can't do it."
In addition to the high cost of raw materials, Wang Xiaoyu is even more worried about the fact that companies cannot receive raw materials, and their future operating conditions are subject to further deterioration. This year, the domestic soybean planting area has decreased by about 30%, and it is expected that the price of soybeans will increase in the later period. It will be even more difficult for companies to acquire raw materials.
For small and medium-sized enterprises, they are not able to enjoy the country's policy of direct sales of low-cost raw materials, as several large companies do, and the operational pressure they face is particularly evident.
Chen Lina, an oil analyst at AEG in the East, told the Economic Information Daily that small packaged edible oil companies have not started to operate since the implementation of the “price limit order,†and soy crushing companies have started operating in recent months if the policy continues. More SMEs will stop production.
Pressure on foreign dependence on prices pushed up prices After the consumer price index (CPI) was announced in June, the market generally expects prices to fall gradually in the second half of the year. However, the rising price of consumer goods, including edible oil, has shown that the price pressure is still not small.
“The price control measures currently adopted by the NDRC, such as interviewing companies, prohibiting price increases, etc., are temporary measures and have limited effect on inflation control, and can only play a short-term regulatory role.†Bank of Communications (5.57, 0.00, 0.00%) Development Study Department of macroeconomic analyst Tang Jianwei said in an interview with the Economic Information Daily.
He said that as inflation expectations become more and more intense, many companies have used price increases as an excuse to raise prices. The spread of this trend is a big challenge to the effective relief of price increases, and it will put pressure on controlling inflation.
Chen Lina believes that in the second half of the year, such as the Mid-Autumn Festival, the National Day of the consumer peak season, generally in the Mid-Autumn Festival and the National Day before the government's supervision of the market will be strengthened.
For products such as soybeans and edible oils, which have extremely high external dependence, the high prices of international bulk agricultural products will have a major impact on the domestic market. It is understood that in recent years, China's soybean and vegetable oil imports have increased rapidly. In 2010, soybean imports reached 54.8 million tons, accounting for 60% of global trade, and vegetable oil imports nearly 7 million tons.
In the international market, the July soybean price in Chicago has rebounded strongly. The news that US soybean production is expected to decrease may further support the strong soybean prices.
"Because of the high price of international bulk agricultural products, the inflationary pressure in the second half of the year is still quite large," said Li Guoxiang, a researcher at the Institute of Rural Development of the Chinese Academy of Social Sciences.
The spokesman of the General Administration of Customs Zhao Fudi recently stated that since the beginning of this year, the prices of global commodities have continued to rise, driving up the prices of China’s imported goods, especially energy and resource products, and at the same time, it has also increased the input inflation of our country to some extent. pressure. In the first half of the year, the average price of some of China's major commodity imports rose by more than 30%, of which soybeans rose by 30.4%.
Guo Qingbao said that prices in the international market have risen sharply, and there is a trend of imported inflation. Cooking oil should increase its self-sufficiency rate, and it must be able to have sufficient say before it can control effectively.
In order to understand the national oil stocks, the National Food Bureau sent a working group to spot-check the edible oil stocks in eight key provinces. It is understood that through random inspections, the quantity, quality, distribution, and structure of the inventory of fats and oils in the investigated oil reservoirs have been thoroughly ascertained, and the basic conditions of the nation's oil and fat inventory management have been mastered, laying a foundation for further improving macroeconomic regulation and control and securing stable prices. .
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