Soaring palm oil may breathe a sigh of relief.
According to China Central Television news client comprehensive multi-party news, on May 23 local time, Indonesia lifted the previous ban on palm oil export.
Behind this is the intensification of global edible oil supply tension.
Recently, due to the reduction of palm production in Malaysia, soybean production in Brazil and rapeseed production in Canada caused by climate change, combined with restrictions on palm oil export in Indonesia, soybean oil export in Argentina and sunflower oil export in the Black Sea, the global edible oil supply tension has further intensified. Coupled with the high global shipping costs and other factors, the import cost of edible oil raw materials has further increased.
Affected by this, according to Mysteel Shenzhen Agricultural Products Group Co.Ltd(000061) statistics, the international soybean oil price has increased by nearly 50% this year, while the palm oil price has increased by nearly 40%.
On May 23, the closing price of Dalian palm oil futures (active contract) was reported at 11716 yuan / ton, down 0.39%.
On the same day, according to the southern peninsula Palm Oil Press Association (sppoma), the unit yield of palm oil in Malaysia decreased by 15.87%, the oil yield increased by 0.19% and the output decreased by 15% from May 1 to 20, 2022. According to the data of Shenzhen Agricultural Products Group Co.Ltd(000061) .Com, as of the week of May 20, the commercial inventory of palm oil in key areas in China was about 248600 tons, down 3.98% month on month and 51.72% year-on-year.
Palm oil accounts for a key part of the cost of edible oil enterprises.
The performance express shows that Yihai Kerry Arawana Holdings Co.Ltd(300999) raw material costs account for up to 88%, of which the purchase of palm oil increases the most, and palm oil is mainly purchased from abroad.
According to the financial report, last year, Yihai Kerry Arawana Holdings Co.Ltd(300999) achieved a revenue of 226225 billion yuan, a year-on-year increase of 16.06%; The net profit was 4.132 billion yuan, a year-on-year decrease of 31.15%; The gross profit margin was 8.18%, down 33.67% year-on-year Yihai Kerry Arawana Holdings Co.Ltd(300999) explained in the annual report that the decline in gross profit margin caused by the large rise in raw material costs is the main reason for poor performance.
According to the first quarterly report, Yihai Kerry Arawana Holdings Co.Ltd(300999) revenue was 56.5 billion yuan, a year-on-year increase of 10.68%; The net profit was 110 million yuan, down 92.71% year-on-year.
Yihai Kerry Arawana Holdings Co.Ltd(300999) said that it was hit by the double blow of soaring costs and sharp decline on the demand side.
On May 5, Yihai Kerry Arawana Holdings Co.Ltd(300999) said during the investigation of the organization that the prices of some raw materials are at the highest level for many years, the procurement is very cautious, and the inventory is not high.
On May 23, Yihai Kerry Arawana Holdings Co.Ltd(300999) closed at 44.47 yuan, down 0.09%, with a total market value of 241.1 billion yuan.
The consumption index closed at 5894.0% on the same day.
