Zuhause> Blog> Peanut oil quietly prices 30% cut in corn oil, edible oil prices before the holiday war

Peanut oil quietly prices 30% cut in corn oil, edible oil prices before the holiday war

October 11, 2023

Another year of the Mid-Autumn Festival, edible oil entered the sales season. Major brands of edible oils have occupied the “important” position of supermarkets. However, a survey by the reporter found that the price of edible oil in the Mid-Autumn Festival this year presented a situation of “ice and ice”, which was a price increase on one side and a price reduction on the other.

"Outstanding" peanut oil

Prices rose and rose again

“How did this peanut oil rise to more than 100 pieces?” Before the edible oil counter in a large supermarket in the urban area, people from time to time could hear the public asking questions about the price increase of peanut oil. "You took 4L, now it's not long. 5L has risen from 89 yuan to 93 yuan. 5.43L has also risen from 99 yuan to 105 yuan." The salesperson introduced to a customer.

The reporter learned from the sales staff that the recent major brands of peanut oil prices have risen in stages, but each time the increase is not large, a well-known brand of peanut oil, 5L installed in June price is about 83 yuan, the last The price rose to 89.9 yuan a month and it is now priced at 93.9 yuan.

“It is said that this year's peanut harvest is not good. Many peanuts are rotted in the ground, leading to peanut oil prices, which catch up with the Mid-Autumn Festival. It is estimated that the price of peanut oil will not drop back in the near future,” the salesman said.

Sunflower seeds, soybeans, corn oil

"Decrease price + promotion"

In addition to the "sneak" peanut oil prices, the rest of the edible oil can be described as "fierce battle." A certain brand of 5L corn oil, the price dropped from 71.5 yuan to 49.9 yuan, a drop of 30%. A brand of 5L loaded soybean oil dropped from 59 yuan to 49 yuan. The reason for the price reduction was marked as "cost reduction." A brand of 5L loaded sunflower oil also cut its price from 93 yuan to 77 yuan, a decrease of about 16%.

Not only does it significantly reduce prices, but it also buys 1 get 1 free gift. Buy 5L corn oil and send 1L corn oil to the vial. While a certain brand in the peanut oil prices at the same time, they significantly reduced the price of sunflower oil. A salesperson stated that more and more people are now trying to use oils other than peanut oil. Many people will choose sunflower oil after seeing a rise in peanut oil. Sunflower oil is less fragrant than peanut oil, and it is light, but it has been Many citizens "accept".

Cost and demand

Contribute to the "Food Wars" before the holiday

In a grain and oil wholesale market in the urban area, grain and oil sellers thank chefs to move a barrel of cooking oil into the house. Talking about the price of peanut oil this year, Master Xie laughed and said: “I haven’t had any kind of saying 'crazy garlic' anymore. I immediately called 'crazy peanut'.”

Master Xie told reporters that this year affected by the weather, peanut production is low, the quality is not high, the purchase price per ton can be 400-500 yuan more expensive than in previous years. “Now the trading of peanuts is basically over. The new peanuts have not yet been listed. The price of peanut oil should not decline in the near future,” said Master Xie.

According to industry sources, peanut prices rose 3-4 percent year-on-year in August this year. In addition, with the use of peanut oil as the main edible oil in the northern regions, the procurement of various types of cakes and food businesses and hotels will increase before Mid-Autumn Festival and National Day each year. The increase in demand for edible oil is also the reason for the increase in peanut oil prices. For other types of edible oils, in order to occupy the holiday market, it is only possible to use price reduction promotions.

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