The price hike of edible oil affects the whole country. According to industry insiders, this large-scale price increase of edible oil has affected the entire nation. Data released by the General Administration of Customs a few days ago shows that the average price of imported soybeans in our country has been rising continuously for three months. Coupled with the reduced production of domestic soybeans, the futures market has also seen a straight upward trend, leading to an increase in the price of edible oil as well. Regarding the overall rise in the price of edible oil, the citizens of Hohhot are feeling helpless. One citizen said: "99 yuan is almost the same as 100 yuan. It's already been reported in the newspaper that the price of oil will increase due to the poor harvest of soybeans this year. We have to accept it even if we don't want to."
Data released by the General Administration of Customs a few days ago shows that the average price of imported soybeans in our country has been increasing continuously since July this year, which has led to multiple edible oil brands raising the prices of soybean oil, peanut oil, and corn oil comprehensively. The price increase for some products has reached around 15%.
In a large supermarket in Hohhot, reporters learned that although the price of edible oil in the supermarket hasn't increased yet, the mall has already received price increase notifications from various manufacturers. A supermarket manager told reporters: "We have received some notifications, for example, Golden Dragon Fish may increase its prices starting next week. The increase should be between 5% to 13%, meaning the price per bucket of oil should increase by about seven to eight yuan."
At the Dongwalyao Vegetable Wholesale Market in Hohhot, Inner Mongolia, merchants told reporters that the prices of edible oils have all risen: "Except for sesame oil, all other oils have risen temporarily. The lowest price for a five-liter bottle of Golden Dragon Fish blended oil these days is at least 60 yuan, which was originally 53 yuan."
According to the post-increase price, the reporter calculated the cost. Taking a five-liter bottle of Golden Dragon Fish as an example, it has increased by 7 yuan, reaching an increase rate of 13%. Soybean oil was sold at 45 yuan before the price increase, and now it is sold at 52 yuan, increasing by 7 yuan each time, reaching an increase rate of 15%. Merchants say that their business has not been good these past few days due to the comprehensive price increase of edible oil. Reporters observed that there were very few consumers buying oil in front of each merchant's stall. Merchants told reporters: "The manufacturer has increased the price, and no one has bought oil these two days. It's too high to accept, and it's hard to sell."
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