It is unlikely that the wholesale price of edible oil will generally increase in the short term.

Most edible oil distributors, which have been losing money this year, began to see hope that spot prices of edible oils have generally risen in recent days after the CBOT's soybean futures market continued to rise for a month.

The reporter learned yesterday from the city’s professional grain and oil wholesale market, Jinxiu Yuquan Road, that the wholesale price of soybean oil was slightly raised. The wholesale price of “ Arowana ” soybean oil was increased by 2 yuan per box (5L×4 barrels, the same below) to 170 yuan. "Fookianmen" soybean oil was raised by 3 yuan per box to 166 yuan; "Green treasure" soybean oil was raised by 2 yuan per box to 174 yuan; "Huifu" soybean oil was increased by 5 yuan per box to 153 yuan. In addition, the wholesale price of bulk soybean oil per kilogram was 3.85 yuan, up 0.15 yuan, or 4.05%; wholesale price of bulk palm oil per catty was 3.60 yuan, up 0.15 yuan, or 4.35%.

>>Market Analysis

Short-term adjustment is unlikely

For the market that has generally risen this time, Liu Jingliang, the head of Yuquan Road's market information department, believes that the trend is mainly due to the continuous upward trend in foreign futures markets, which indicates the direction for spot price adjustments.

It is understood that since July, although the bean futures market has risen in popularity, the spot price has not risen. In order to maintain the existing customer network, even if the losing dealers have to purchase to guarantee the supply, this will directly lead to this year. Since the spot price of edible oil has been falling, most of the distributors are losing sales, and the edible oil market has finally emerged. However, Liu Jingliang also said that the current price level is still significantly lower than the beginning of the year. For example, "Arowana" soybean oil was 4 yuan less per box than at the beginning of the year, and "Huifu" soybean oil was 17 yuan lower than that at the beginning of the year. It should be said that the current upward trend in borrowing futures is only a phased rebound.

For the trend of the market outlook, Liu Jingliang said that as the US dollar is lower, crude oil is rising, and Russia and other countries are expected to reduce grain production due to weather factors, coupled with the approaching of the Mid-Autumn Festival and the National Day, the consumption of edible oil is magnified. Under the support of the soybean oil spot price will remain volatile adjustment trend, the possibility of a short-term downward adjustment is not great; In addition, this year's huge import volume will still restrict the room for the domestic oil price increase.

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