Ministry of Commerce: edible oil price will not fluctuate significantly

Introduction: Recently, affected by factors such as the increase of oil price, the factory price of peanut oil has been raised by the oil factory, and the price of peanut oil has generally increased everywhere Under its drive, the price of some other kinds of edible oil also rose slightly In response, the Ministry of Commerce said Monday that the price rise of peanut oil will not cause significant fluctuations in the entire edible oil market This person stressed that peanut oil consumption accounts for about 15% of the total consumption of edible oil, and the substitutability between different edible oil is strong The rising price of peanut oil will restrain the terminal consumption demand, and consumers will choose alternative products such as soybean oil, rapeseed oil and blended oil At the same time, at present, there is sufficient supply of edible oil such as soybean oil and rapeseed oil in China to meet the needs of consumers According to the analysis of the Ministry of Commerce, the price of raw materials rose sharply and the production cost of oil processing enterprises increased, which was the main reason for the price rise of peanut oil According to the monitoring of the Ministry of Commerce, the average wholesale price of peanut kernel in the main peanut producing areas in late March was 7600 yuan / ton, 12% higher than that before the Spring Festival, and about 800 yuan / ton higher on average According to the monitoring of the Ministry of Commerce, the average retail price of barreled peanut oil in 36 large and medium-sized cities from April 2 to April 8 was 16.41 yuan / kg, up 0.7% from the previous week In terms of local conditions, peanut oil prices rose 4.0% in Fuzhou, 3.5% in Guangzhou, 3.4% in Jinan, 3.2% in Shanghai and 2.8% in Qingdao Retail prices of soybean oil and rapeseed oil also rose slightly, with soybean oil up 0.4% and rapeseed oil up 0.3% from the previous week Retail prices of blended oil fell slightly, down 0.1% from the previous week.