We are all reborn, who wants to be the richest man?

Chapter 657 Soybean Blockade 2
As September begins, the oil and fat processing factories in the country are suffering.

According to news from the United States, various orders for next year are expected to increase, but it is impossible to supply so much soybeans in a short period of time, and the price of soybean futures has risen again.

"What the hell! Last year the price was $178 per ton, and in less than a year it has risen to $221 per ton. What the hell is going on?"

"Who says it's not true? If we keep going like this, I think we should change our careers as soon as possible. With the current profits and the money we have, why not do anything else with it? Why earn this hard-earned money?"

In a teahouse in Zhejiang Province, several middle-aged men were sitting in a private room, drinking tea and complaining about the current soybean prices.

These people are all owners of private oil processing factories. Unlike state-owned enterprises that can purchase soybeans domestically, their main source of supply is from abroad.

Business has been pretty good in the past few years. Domestic economic conditions have improved and people's living standards have risen sharply.

Especially in their coastal areas, eating oil is no longer a luxury. The edible oil market is growing rapidly, and many bosses have expanded their factories.

Who would have thought that the situation would change so suddenly and the price of soybeans would rise.

It’s not that they can’t make money at the current price, but as they said, it’s hard-earned money.

The price of soybean meal has increased but it is far less than the increase in soybean price. If the price is raised further, it will be offset by imported soybean meal.

What about soybean oil? You can raise the price, but you are not the only choice for the people.

Not to mention competitors of the same price range such as rapeseed oil and corn oil, the price-performance ratio of peanut oil will also be reflected, so downstream refined oil companies will not raise prices for you at all.

The most critical thing is that foreign giants are eyeing you covetously. If you raise the price, how can you compete?
Originally, these small businesses relied on cost-effectiveness to open up the market. Now that your prices are higher than those of foreign giants, who will buy your products?

If you can't make big money, this investment is just a waste of time.

In today's era full of opportunities, all walks of life have huge profit potential, so why not make money? Investing funds in other industries with high returns will obviously maximize investment benefits.

"Where's Lao Chen? Why didn't he come to the place he sneaked into?"

Everyone present here today is the owner of a medium-sized oil processing factory in Zhejiang Province. The reason they are here is because Lao Chen said they want to discuss the issue of rising costs for each company in the future.

"Really? It's already past 2 o'clock. Nothing will happen, right?"

"Just give him a call and you'll find out."

The fat man who asked the question at the beginning took out a small mobile phone from his waist. It was the popular Han Tang 1610 that was launched not long ago last year.

"Strange, no one answered?"

"Is there really anything wrong?"

This time many people began to worry. The situation was set up by Lao Chen, and he set the time at 2 p.m. You have to know that Lao Chen has a strong sense of time.

"Call his company."

"it is good".

This time the call was connected within a few seconds, but it was not Lao Chen. After the fat man hung up the phone, everyone else looked anxious.

"How to say?"

"People in his company said that Lao Chen left home at eight in the morning."

"What have you been doing?"

The fat man shook his head and said, "The other party doesn't know either. I just know that he received a phone call and drove away in a hurry. He said it seemed very urgent."

"Is anything serious going to happen? Should we call his family?"

The fat man smiled bitterly and said, "I don't even know his home phone number."

"I'll do it."

At this time, a very good friend of Lao Chen spoke up and took out his mobile phone. However, just after he dialed the number and before the call was connected, the door of the private room was pushed open. It was none other than Lao Chen.

"Old Chen, what's wrong with you? Why are you sweating so much?"

"Yes, where did you go? We were so worried, we thought something happened to you."

Old Chen didn't say anything, but picked up someone's teacup on the table and drank it all in one gulp.

"Huh" he drank a sip of tea, sat down and wiped the sweat off his face, then Old Chen spoke.

"The soybean issue has been resolved." "Well, hasn't it always been resolved? The key is that the current price is too high."

"I'm not talking about soybeans from the United States," Lao Chen waved his hand. "I found a new source of supply, $170 a ton."

"How much?" The fat man who was closest to Lao Chen took a catapult start directly on the chair.

"170 dollars," Lao Chen said again with certainty.

"Old Chen, you didn't meet a liar, did you?"

It's no wonder the fat guy said that. It's $170 a ton. You have to know that the price of soybeans was $169 two years ago. Compared with the current price of soybeans, it is a full $51 per ton lower. How can this be considered a feeling?

“I didn’t believe it at first, but they have already brought soybeans to Zhoushan.

What do you think I came here for? I just went to Zhoushan to check the site.

Furthermore, the other party is Penglai Trading Company, so I don’t need to explain what this name represents.”

"Penglai Trading Company? Is it the Penglai Trading Company in Lu Province that we know?"

"That's right."

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After hearing Lao Chen's answer, everyone's face lit up with joy.

Consumers may not have heard of the name of this company, but for businessmen like them who need to have connections with trade, this name is well-known.

Today's Penglai Trading Company can be said to be one of the leaders in foreign trade. Whether it is exporting products or importing goods, it is a leader in the industry.

The most crucial thing is the shareholders behind this company, one is the State-owned Assets Supervision and Administration Commission of Shandong Province, and the other is Xiannong.

Everyone in Xiannong knows about those agricultural products. Behind them is the world's super giant Far East.

"How can it be so much cheaper? The quality of the soybeans?"

Since it is a product of Penglai Trading Company, there is no question of it being a scam, but the price is really unbelievable.

They can sell it at $211 per ton, so why are they selling it at $170 per ton? Are you crazy?

So now these people are beginning to doubt the quality of soybeans. Everyone thinks that this batch of soybeans must be of poor quality to be so cheap.

"I've checked. This batch of soybeans are all high-oil soybeans. We have quality inspection reports. If you don't believe it, you can go and check it out at any time."

"Then why?" The fat man was completely confused. Could it be that there is really such a good thing as pie falling from the sky in this world?

"The other party has several conditions."

"I told you, it's not that good." The fat man muttered, and then asked, "Is it harsh?"

Old Chen shook his head and said “Not really”.

"The other party's first condition was that we had to take in 20 tons of soybeans at once and we couldn't resell them."

"That's no problem. Let's work together with other oil processing plants in Zhejiang Province. We may not be able to use up 20 tons of soybeans, which is our consumption in one and a half years."

The others nodded in agreement, apparently accepting the condition.

"The other party's second condition is that the soybean oil we produce must be reduced by 10% from the current price before it can enter the market."

After Lao Chen finished speaking, the people in the private room were even more confused.

The more expensive we sell, the happier you international brands should be, right? Penglai Trading Company is part of the Far East Group, which has several grain and oil brands and is one of the world's leading brands.

Now that we have lowered the price, consumers will definitely prefer our oil. This doesn’t make sense.

"I can't figure it out, but no matter what conspiracy is behind it, we have no choice even if it means going through mountains of swords and seas of fire."

What Fatty said makes sense. A 10% price reduction will allow them to open up the market better, and don't forget that the price of soybean meal is rising. With this calculation, they don't have much loss in profits.

"Old Zhang is right. We have no choice but to go through fire and water to eat this batch of soybeans.

So, we can first contact other oil processing factories, determine our respective needs, and then nominate a few people to go to Zhoushan to have a look."

"Okay," Old Chen nodded, "Then it's settled."

(End of this chapter)