Limit the price of active oil

In October, a number of stores in Guangzhou received notifications of price increases for many edible oil brands such as Arowana and Luhua, which averaged around 10%. Although two months have passed since receiving the notification, the reporter yesterday visited several stores in Guangzhou and found that the edible oil price was stable and the promotion proceeded normally.

The reporter found that a number of stores in Guangzhou, and the National Development and Reform Commission "greet" within four months of news that prices do not echo, the rising tide of edible oil seems to have been temporarily suppressed by national policies and market instruments.

According to the store’s recent price hike, the price of imported soybeans used for crushing oil has been deteriorating along the way since July. Golden Dragon Fish and Fulinmen’s edible oils have issued price notifications to supermarkets in October. The increase was 10%. In the end, these price increase notifications continue to be effective or suspended?

Yesterday, the reporter visited a number of stores to understand that, under normal circumstances, the store received the supplier's price notification, because there is inventory, so the store will digest some of the inventory and then adjust the price. However, the transition period of different stores is not consistent.

Carrefour, the reporter saw a variety of edible oil prices have not risen. Although China Resources Vanguard Group had previously received notifications of price increases from suppliers of edible oil brands, the prices of edible oils in stores have not been adjusted since October. More than 20% of edible oils are being promoted, and promotional efforts have been made from each bottle. Cheaper to a dozen or more dollars. According to the person in charge of the store, "it is estimated that it is related to the country's recent policy of frequently introducing price control, and manufacturers are not willing to increase prices. What is certain is that before the Spring Festival, the edible oil in our shopping mall will not rise."

The promotion margin of edible oil in supermarkets has become smaller. The reporter discovered that the stores that had already adjusted their prices after receiving price notifications had not recently lowered their prices. In a large shopping mall on Xingang Road, the reporter saw a variety of edible oils that are doing low-cost promotions, but the promotion rate is actually very small.

The reason why the price of edible oil cannot rise is due to media reports recently. After the State Council stated that it “strictly supervised the prices of agricultural products (19.20, 0.08, 0.42%)”, the relevant department of the National Development and Reform Commission recently “greet” the domestic edible oil companies and requested COFCO. Four companies, including the Group, Yihai Kerry, China Textile Group, and Jiusan Group, have responded by calling for a stable supply of products to ensure stable market prices. The recent price increase is not allowed and the deadline is four months. In response to being "say hello", Yihai Kerry, which produces edible oils such as "Arowana" and "Hujijihua", told this newspaper that he "understands and supports" the country's related policies.

As early as the Spring Festival in 2008, edible oil prices rose, setting a record high. At that time, the National Development and Reform Commission had announced that it had started interim price intervention measures from January 15, 2008, which stipulated that the price increase of edible oil and other agricultural products should not exceed 5%.