Edible oil limit price lifts the price of Jinlongyu by about 5%

After the first price increase of Lu Hua Peanut Oil, the edible oil companies that had been demanded by the country finally could not contain the pressure of cost to start the price increase plan. The reporter confirmed yesterday that Jin Yong Yu’s parent company Yihai Kerry confirmed that the company’s edible oil was formally The price increase is about 5%.

Three types of oil price increase agents have Jinlongyu said Jinlong fish consumption of blending oil (5L) since August 1 per box rose 14 yuan, 3.5 yuan per barrel increased by 5.86%, the current price 63.25 yuan / barrel.

The person in charge of the company told reporters yesterday that Yihai Kerry’s soybean oil, vegetable oil, and blending oil prices will be raised by 5%, while other oils will remain unchanged. “This price increase has already passed the approval of the National Development and Reform Commission,” and the responsible person also stated that it is expected that the retail price adjustment of the retail terminal will take about two weeks to be reflected.

Due to cost pressures It is understood that in November last year, the National Development and Reform Commission requested COFCO, Yihai Kerry, China Textile Group and Jiusan Grain & Oil Group to ensure that oil prices were stable before the end of March this year. In April, Jinlongyu and Fulinmen, which were pressured by raw material costs, received suggestions from the National Development and Reform Commission and hoped to suspend the price increase again by the end of June.

In early July, Lu Hua took the lead in raising prices, but at the time there was news that the price limit order may be extended to August 15 again, and this news also made Lu Hua's price increase questioned; however, in mid-July, there were According to sources, the relevant person in charge of the Development and Reform Commission's Price Division responded that the previous ban on the price of edible oil had indeed been lifted.

In the interview with this reporter at the time, Arowana said that "As of now, the cost and sales prices are still upside down. It is not clear whether this year will raise prices."

Now for a month, Jinlongyu began to raise prices. The responsible person of the company stated that since November last year, due to the sharp rise in raw material costs, the price upside down situation has continued so far, and the upside down price has reached RMB 1,000/ton, and the logistics and oil bottles have The increase in such materials is also large, but companies have always been responsible for social responsibility, stable price and security.

Supermarkets received verbal notices yesterday. Sources said that the market rumors that the COFCO Group's Fook Lam Mun is also brewing prices, and has applied to the National Development and Reform Commission, the price increase rate of about 5%.

In response, Mr. Song, the person in charge of China National Foods Marketing Co., Ltd. denied the submission of the price increase application during an interview with reporters yesterday. However, he stated that the current sales price and cost of the company are also always upside down. Based on this, the company is currently undergoing various aspects within the company. The assessment and discussion will be used to determine whether to raise the price or increase the price, but so far, there has been no formal result.

A number of hypermarkets in Beijing also confirmed to reporters yesterday that although they have not yet received official price increases from Jinlongyu, they have already raised prices in private.

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