The increase of grain and oil volume in this Canton Fair is not large, which is due to the increase of oil price

Introduction: in this Canton Fair, the volume of grain and oil trade increased little, but not because of the small number of merchants, but because the market price of soybean, peanut, rapeseed and other oil products fluctuated too much recently, the exhibitors dare not offer to the merchants It is reported that some large edible oil producers have begun to stop shipping, and the retail price of edible oil may be increased by 20% to 30% immediately The price of raw materials in wg7 has increased dramatically "The current price of raw materials is almost incomprehensible!" Liu Youjia, deputy general manager and production director of Hunan Jinhao Vegetable Oil Co., Ltd According to him, in the last 10 days, the price of rapeseed has risen from 6000 yuan a ton to 8000 yuan a ton, 2000 yuan per ton The increase was 30% The price of soybeans has also increased dramatically The price of soybeans per kg has reached 1.5 yuan, compared with 1.2 yuan in the same period last year The huge price fluctuation of wg7 has led to a situation in which oil suppliers are afraid to sell oil and fear that the price will rise again, while edible oil producers are afraid to buy oil and fear that the price will fall The producers of wg7 soybean oil and blended oil were caught off guard by the producers of wg7 edible oil, which may be the biggest impact of the huge fluctuation of raw materials According to a vegetable oil manufacturer's sales staff told reporters, some big manufacturers have begun to stop shipping, hoarding to prepare to raise prices As the fluctuation is too large, considering that the price change in the sales link is not easy to occur frequently, it is estimated that this price increase may be in place once and the range will not be low, about 20 to 30 percentage points According to wg7, edible oil producers could have avoided risks by buying futures However, the price of soybean and other oil products has been falling in the past few years, and the cost of purchasing futures for producers is often higher than the price of spot trading in the market Therefore, there are many fewer enterprises buying futures in recent two years Without the risk guarantee of futures, the fluctuation of oil price will put great pressure on the operation of enterprises It is unlikely that wg7 countries will use their reserves Now the market is waiting to see whether the country will use their reserves to stabilize the oil market price But that seems unlikely Liu Youjia estimates that the country will probably not throw out a large amount of oil reserves in consideration of properly raising the market price of crops and increasing farmers' income Wg7