The price adjustment of each brand edible oil is said to have been basically determined

In order to stabilize the price of edible oil, the national grain and oil trading center yesterday took out 300,000 tons of national temporary reserve rapeseed oil market, of which Jiangsu market volume of nearly 55,000 tons. According to the Jiangsu Grain and Oil trading center, this is the first time in nearly two years the country to sell reserves of oil to the market. By noon yesterday, Jiangsu's share of the sale has been 100% transactions, the transaction price is slightly lower than the market price.　　However, the relevant sources said, the country will not be dumping oil on the end of the month brand small packaging oil prices have an impact, the current brand price adjustment has been basically determined that the increase is close at hand. Bulk edible oil has even been up for two months reporter learned that in the past two months by the international soybean and oil prices, domestic cooking oil prices began to fluctuate. In the middle of this month, the retail price of rapeseed oil and bulk soybean oil in our province is 5.06 yuan per catty and 4.67 yuan, which is 3.9% and 5.66% higher than one months ago. 5 liter barrels of soybean oil, barrels of peanut oil per barrel price of 48.47 yuan, 94.89 yuan, also slightly floating than before.　　At present, the brand barrels of oil is brewing a new round of price rises, some consumers have to stockpile oil in advance.　　Jiangsu province accounted for more than 1/6 of the country for the recent fluctuations in the price of edible oil, the state took out 300,000 tons of reserves of rapeseed oil into the market, of which the Jiangsu market, the amount of 55,000 tons, accounted for the national total of one-sixth more. Jiangsu Grain and Oil trading center related to the director told reporters that the market's reserve oil is four grade rapeseed oil, demand auction enterprises to buy edible vegetable oil should be put into the market as soon as possible, increase market supply. Yesterday, the total auction volume of 54896 tons, 8700 yuan per ton starting from the average price of 9111 yuan, slightly lower than the current market on the equivalent of rapeseed oil ex-factory price. "Grade four rapeseed oil has been in line with the national listing requirements, auction enterprises can be directly sold, can also be used for reprocessing refining, or with other oil mixed into a blend of oil." The official said.　　At present, Jiangsu Province, a year of edible oil consumption of about 1.3 million tons, that is, the market for the reserve oil for the province to spend 10-15 days. However, the country is selling rapeseed oil, and many citizens now consume soy oil and mixed oil, the sale of rapeseed oil will be able to pull down the overall fuel oil? It is believed that in the past, Jiangsu Province, the traditional consumption of rapeseed oil, and now the rapid increase in consumption of soy fuel, but canola oil still occupy a certain market share.　　Moreover, the total amount of edible oil on the market increases, the price of other varieties of oil will also play a role in the diversion. Of course, it is certainly unrealistic to expect oil prices to fall, after all, more than 70% of the raw materials on the Chinese market are imported, while the international prices of soybeans, corn and other oil are still climbing.　　Some experts point out that the main purpose of the state's dumping of reserve resources is to embody the government's determination to stabilize oil prices, which has a greater effect on market psychology. Almost at the same time, as the edible oil market, the leading products, jinlong fish, Fu, Luhua, and other major brands of price adjustment has been basically determined, supermarkets have also been informed of adjustment. It is reported that the main breed of golden Arowana to reconcile the second generationThe increase in oil is about 10% per cent, while soybean oil may rise by more than 10% per cent, and the gains are also around 10%; Luhua peanut oil could raise prices by about 8%. As the price adjustment reflects the need for a process in retail terminals, the fastest rise in oil prices could come at the end of the week or early next week. Shi Xiaolei