Animal Oil & Fats insights

According to the monitoring by the Ministry of Agriculture and Rural Affairs, the "200 Index of Wholesale Prices for Agricultural Products" on November 19 was 125.44, rising by 0.03 points from yesterday. The wholesale price index for "grocery basket" products was 127.55, rising by 0.04 points from yesterday. As of 14:00 today, the average wholesale price for pork in national agricultural wholesale markets was 17.92 yuan/kg, rising by 0.2% from yesterday; beef was 66.70 yuan/kg, down by 0.3% from yesterday; mutton was 62.38 yuan/kg, down by 0.9% from yesterday; eggs were 7.31 yuan/kg, down by 0.5% from yesterday; and white-feathered chickens were 17.47 yuan/kg, down by 0.6% from yesterday. The average price for 28 key monitored vegetables was 5.70 yuan/kg, rising by 0.7% from yesterday; the average price for 6 key monitored fruits was 7.11 yuan/kg, down by 0.4% from yesterday. The price for crucian carp was 19.05 yuan/kg, down by 0.7% from yesterday; for carp it was 13.52 yuan/kg, down by 1.4% from yesterday; for grass carp it was 10.08 yuan/kg, down by 0.8% from yesterday; and for large ribbonfish it was 40.45 yuan/kg, unchanged from yesterday. Today, among the 46 varieties of fresh agricultural products in the domestic wholesale market that are under key monitoring, the top five in terms of price increase compared to yesterday were scallions, cauliflower, zucchini, lettuce, and lotus root, with increases of 2.6%, 2.3%, 2.1%, 2.0%, and 1.9% respectively; the top five in terms of price decrease were pineapple, duck pear, carp, xiang mushroom, and white radish, with decreases of 3.5%, 1.7%, 1.4%, 1.2%, and 1.0% respectively.

Rising soybean and soybean oil prices in Chicago, as well as a slight speculative rise in crude oil prices, have halted the decline in palm oil prices, but markets remain under pressure from increasing supply and falling demand. December palm oil futures on the Bursa Malaysia exchange rose 1.6% to 4,205 ringgit/t or $1,010/t over

The Jeonbuk Mujin Livestock Cooperative Association (Chairman Song Je-geun) together with the Nonghyup Jeonbuk Headquarters (Head Lee Jeong-hwan), the Korean Pork Self-Help Fund Management Committee (Chairman Son Se-hee) held a "Kimchi Season Korean Pork Consumption Promotion Tasting Event" last December 12th in front of the Jinan County Office to promote Korean pork consumption and stabilize farmers' income. The event was attended by Head Lee Jeong-hwan, Chairman Song Je-geun, Kim Song-gyu from the Jinan Branch of the Korean Pork Association, Byun Sung-seop from the Jinan Branch of Nonghyup, and other officials from the Mujin Livestock Cooperative Association and the Livestock Business Division of Nonghyup Jeonbuk Headquarters, who led the promotion of Korean pork consumption. Moreover, to meet the kimchi season, the event provided various grilled parts of Korean pork to consumers visiting the square and allowed them to taste and purchase, thereby promoting the excellence and ...