食用油价格传导机制
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2025年中国食用油价值链分析:原材料是食用油生产成本的主要来源
Qian Zhan Wang· 2025-07-15 08:41
Group 1 - The core point of the article highlights that raw materials constitute the largest cost component in the edible oil production process, with companies like Xiwang Food showing a raw material cost ratio of 74.39% in 2024, while others exceed 92% [1] - Labor costs in the edible oil industry are relatively low, ranging from 0.85% to 1.51%, while manufacturing expenses fluctuate between 0.6% and 5.9% [1] - The cost structure of Jin Jian Rice Industry's edible oil products shows that direct materials account for around 95% from 2019 to 2024, indicating significant sensitivity to raw material price fluctuations [2] Group 2 - The pricing of edible oil in China is influenced by supply-side factors, manufacturing value-added premiums, and consumer demand elasticity, creating a "price-demand-price" transmission mechanism [6] - The edible oil industry value chain includes stages such as oilseed cultivation, pressing, refining, packaging, and distribution, with oilseed cultivation showing high gross profit margins [6] - The gross profit margin for oilseed crops like sunflower seeds can reach up to 72.6%, while downstream sales channels exhibit varying margins, with offline sales maintaining around 16% [8]