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Expert: oil prices are normal consumers do not panic – oil, oil price hikes – Food Industry

Domestic Cooking oil Yihai in giant and COFCO Recently confirmed, Jin Long Yue, Fortune Brands has notified the two major oil distributors nationwide, some varieties of edible oil prices up about 10%, the product involves a large Bean oil , Blend Oil , Rapeseed oil And so on. The store also said that many domestic brands have been received notification supplier price increases. According to monitoring, this week, oil prices are indeed up. It also said that prices of domestic edible oil market is about to usher wave.

Chinese Cereals and Oils Association executive vice president of Rui Yuan ( HC food industry network With map)

Has been reported that edible oil prices may cause consumers rush to buy, dealers store goods such phenomena will lead to consumer panic. The Chinese Cereals and Oils Association executive vice president of Rui Yuan said: “The oil price increase is normal, no fuss. With Raw material Price increases, oil price increases is a normal phenomenon. “” Of course companies can not blindly prices. Edible oil one Linked to farmers (raw material), an attached consumers, prices should take the initiative to improve the production of farmers and consumers, the affordability aspects. “When talking about how much the right price increases when President Wang said.

To some reports, “China’s edible oil market manipulation by foreign investors, domestic enterprises do not have pricing power,” said Wang, president opposition: “how could the people’s livelihood in the industry to be a manipulation of one or several enterprises.” Some reports referred to in foreign?? Wilmar, Kuok family business to overseas Chinese, Wang said these attract incoming president of the local economic development, foreign-funded enterprises have contributed to their development is to support, which is supported the development of overseas Chinese. “From the current situation, oil prices are within the normal range of price increases. If to a certain extent, the state price intervention policies will be introduced related to the state will take measures to control oil prices.” “Now really in need of attention and thought is caused by two issues: First, for a variety of construction land, land development and lead to shrinking arable land area; the other is not migrant workers, many farmers are now farming, many fields have been abandoned. These two issues are not well, will really affect China’s future food security. “president revealed the king his concerns.

Appeared in some cities for now “part of the supermarket shelves almost robbed of empty oil” situation, President Wang said that “the public need not panic, the state grain reserves sufficient enough to protect the public’s consumption, must be the normal attitude look at the prices of edible oil. ”

Related news: Cast: the domestic prices of edible oil market is about to usher wave

Peanut oil Prices from rising prices of raw materials peanuts, and peanut oil prices than the causes, the reasons for rising oil prices also factor in the cost of raw materials. Although the soybean oil prices has not reached the peak last year, soybean oil futures prices, but since the second half, soybean oil prices rise, starting from November, soybean prices have kept rising cost of oil prices on the upswing.

In addition, the Chinese New Year and other holidays usually occur before the oil price rises practice, edible oil will be the climax of a wave of price increases because consumers pull holidays. But this time, some time earlier because of cost pressures and business reasons for stocking. < Detailed >

Edible oil market prices, why the total being foreign manipulation?

“Generally speaking, foreign-funded enterprises in China edible oil market has been firmly put control in the hands of the multinational grain merchants in China, 97 enterprises in 64 large oil companies or holding shares, accounting for 66% of the total share capital . this led to the Chinese oil market, supply of raw materials and processing and cooking oil 75% market share, has been controlled by large multinational food companies, Chinese enterprises in the industry’s pricing power has been a comprehensive defeat. “to the first high-profile prices of Jin Long Yue and Lu spent two brands, for example, its list of shareholders in multinational corporations on Kerry were flashed and the benefits the figure. Tracing the source and the point of view, these two different shell companies overseas are belong to the same group that Malaysia Wilmar. Through this group the level of control on the market, we can easily see that foreign investment in the domestic edible oil market, a great influence. < Detailed >

EADS were mixed 10% -15% price supermarket shelves almost grab an empty oil

Jin Long Yue oil prices a week after the wind has finally become a reality. Yesterday, the city’s major supermarkets across the board Jin Long Yue prices up, count the previous week price adjustment have a red dragonfly, Lu flowers, Fortune and other brands, after a lapse of six months oil prices once again ushered in full. Do not buy or buy up the mass consumer psychology in the market once again be fulfilled, some supermarket shelves almost snatched an empty cooking oil. < Detailed >