Affected by the epidemic, local residents live in seclusion, the catering industry is cold, and the consumption of medium packaged vegetable oil has suffered a significant impact. In contrast, with the increase of family cooking, the sales of small packaged vegetable oil will increase.
Especially in the southwest, northwest and Yangtze River Basin, the demand for small package rapeseed oil, especially domestic Luzhou flavor rapeseed oil, is relatively rigid. Brand manufacturers will not easily change the proportion of rapeseed oil, and there is little room for other oils to be replaced.
However, in terms of supply, the domestic rapeseed oil inventory continues to decline, and the imported rapeseed is very few in Hong Kong. Moreover, the expansion of emergency reserves may further reduce the scale of rapeseed oil inventory, which will make the supply of rapeseed oil relatively tight.
According to the agency's prediction: in the short term, affected by the epidemic, the market does not feel the tight circulation of rapeseed oil. However, with the epidemic gradually under control and the large-scale resumption of filling plants in the middle and lower reaches of rapeseed oil, the demand for rapeseed oil replenishment will also increase, which will further reflect the tight supply of rapeseed oil.
In the long run, the supply and demand pattern of global vegetable oil is changing, the cost of rapeseed oil is difficult to fall significantly, and the consumption demand of small package rapeseed oil will grow steadily.
If the price of domestic vegetable oil continues to rise, the imported non transgenic vegetable oil will have a more obvious price advantage. In fact, since last year, imports of vegetable oil from Russia, Ukraine and other countries have shown explosive growth.
