Reborn as the richest man in India

Chapter 345 We are experts in price wars

On April 17, twenty days after palm oil imports were liberalized, the first batch of 10,000 tons of palm oil from Khogo arrived in Mumbai.

Of course, this is refined palm oil.

Because there is no domestic palm oil refinery plant in India, it is impossible to transport crude palm oil back.

Qiao Ge thought that he could start building the refinery in the near future.

Because the import tariff of refined palm oil is much higher than that of crude palm oil.

The current import tariff for crude palm oil is 5%, while the import tariff for refined palm oil is 12%, a gap of more than twice.

For this reason, the government still hopes that some palm oil refinery factories can appear in the country, which can increase domestic employment and economy.

Otherwise, if refined palm oil is directly imported, wouldn’t this added value be earned by foreign countries?

Although Jogo knows this situation, he cannot build a palm oil refinery in advance and can only wait for this policy to be introduced.

The international price of crude palm oil is now around US$1,000 per ton, while refined palm oil is about US$100 higher, which means that the price of palm oil imported by Qiaogo this time is around US$1,100 per ton, excluding taxes.

Since these palm oils are produced by Benlin Company, they must get the lowest price.

Because this is the first batch of imported palm oil after the policy was liberalized, the government attaches great importance to it.

After the ship arrived at the port, senior officials were specially sent to celebrate.

After the policy came out, Jogo finally left New Delhi and returned to Mumbai.

"You bastard, you were overtaken by that kid again. What happened to the Sitharaman family?" Anil looked at the report in the newspaper with an angry expression on his face.

The newspapers naturally reported the arrival of palm oil from Khogo to the port, and then senior central federal officials went to cut the ribbon.

Anil really can’t figure it out. Isn’t the Sitharaman family the leader in the edible oil market?

No matter how you say this, it should be the first batch of goods they purchase.

Why did Qiao Ge have his beard cut off?

You know, this first time is definitely good publicity, a very good advertisement.

Who will pay attention next time, second time, third time?

But the Sitharaman family just missed it.

Anil didn't know what was going on there, and he was worried for the Sitharaman family.

In short, he pays great attention to Qiao Ge. He will be frustrated by anything that makes Qiao Ge proud.

"I think the Sitharaman family must be more cautious. After all, it is the first time to import. For example, in terms of price, they must find the most favorable one, and they must also consider the other party's reputation, etc. Talk to more suppliers. The merchant may have wasted some time. As for Qiao Ge, he moved so quickly. I suspect that he had placed an order directly in the past. He definitely couldn't lower the price, or even didn't lower the price at all. He should have purchased the goods at a high price." In Ji De said.

After listening to Yinjid's analysis, Anil's anger gradually subsided.

In just 20 days, Qiao Ge's goods arrived, which was indeed too fast.

Under normal circumstances, you have to go to the local area to find sources of goods and do various other things. How can you have enough time?

"It makes sense, it makes sense." Anil said with a smile, "This kid is so crazy that he got involved in the cooking oil industry. Does he think he is really invincible?"

"It's a bit strange. I can't understand his operation." Inkide said very puzzled, "The Sitharaman family has absolute control over the edible oil market. Does Qiao Ge still want to break them? The situation? With the current situation, even if our Reliance Group wants to compete with the Sitharaman family for the edible oil market, it is unlikely to succeed."

"What I'm saying is that that kid has never participated in the edible oil market before. It's really weird." Anil couldn't figure it out. "Could it be that he just wants to disgust the Sitharaman family? Maybe he doesn't want long-term development and invests in it." Let’s invest some money in the short term to see the effect?”

"Second Young Master, I think your analysis is very reasonable. I think he just wants to speculate, because if he really wants to face the Sitharaman family, he has no chance of winning." Inkid said.

"Keep an eye on him, I want to know what that kid wants to do." Anil said.

Anil is concerned about Jogo, and the Sitharaman family is certainly no exception.

If it were in other industries, they might not care much.

Unexpectedly, that kid Qiaogo also wanted to invest in the palm oil market, which made them very angry.

So Rab called everyone together again, and also called the person in charge of the palm oil market.

At the meeting, Rab directly scolded the person in charge of palm oil.

why?

Because the palm oil from Qiaogo has arrived at the port, but the supplier has not been determined yet and is still under negotiation. How can this efficiency be satisfactory?

"Tell me, why is that guy so efficient? What do your people do for food?" Labu was really angry, the difference was huge.

"Patriarch, there is definitely something wrong with that kid's behavior." The person in charge, Manti Sitharaman, said with a blushing face.

Anyone would be in a bad mood after being scolded like a storm.

But he had to have an explanation for this matter, an explanation that would satisfy everyone.

Otherwise, the position of general manager of a palm oil company that I finally got is probably going to be fucked before I get the chance.

"What's the problem?" Rab took a deep breath to calm himself down a little.

"Under normal circumstances, 20 days is absolutely impossible." Manti said.

"But he did it."

"Patriarch, I think that kid Qiaogo definitely buys goods at a high price. He just wants to earn the reputation of being the first palm oil importer." Manti said, "Otherwise, even if he only negotiates with one supplier, the price How can all kinds of negotiations be completed so easily under normal circumstances? His price must be extremely high, so the supplier reached an agreement with him so quickly and shipped the goods quickly."

"Well, it makes sense." Khas agreed with Mandy's explanation. "We all know that this kind of deal cannot be reached in a short time, and it is abroad. It stands to reason that it will take more time. So whether it is As Manti said, Qiao Ge’s side definitely paid a big price this time.”

"Hey~~" Labu let out a long sigh, "I hope so, Manti, you have to speed up. Although the first position was taken away by Qiao Ge, you can't be so lazy anymore. , if we take an early step, we can capture more of the palm oil market."

"Patriarch, the people we sent mainly want to contact the largest state-owned palm oil industry companies in Malay. We are just preparing to negotiate with the third one..."

"There is no need to talk anymore. Just choose the best one from the first two. You can make appropriate concessions on price. It must be fast. It must be fast upfront. Later we can find other companies to negotiate slowly." Rab said, "I don't We know what that kid Qiao Ge is planning, whether he really wants to fight with us or just wants to fish in troubled waters. In short, we cannot take it lightly."

"That's true. Although we have absolute confidence in the edible oil market, that guy is not a simple guy. Everyone was not optimistic about the industries he entered before, but in the end they were all revitalized by him, and the original industry practitioners were even overturned by him. Yes, we can’t be careless,” Kehas also said.

Qiao Ge's entry definitely surprised them.

Although they knew that Qiao Ge had acquired a cooking oil company before, that company was basically useless in Qiao Ge's hands. He didn't care about it at all and had almost never set foot in the edible oil market.

They thought that many forces might set foot in the new market of palm oil, but they never thought that Qiaogo would join.

Could it be that that boy was just here for me?

Want to cause havoc?

If this is the case, they are not worried anymore.

Even if Qiao Ge is allowed to destroy it, the biggest investment and cost on his side will be larger, so it doesn’t matter.

As long as this market is occupied by itself, this cost can be completely ignored.

"I understand." Manti said, "Should I investigate Qiaogo's supplier?"

"Never mind, the most important thing for you right now is to get our suppliers settled and get them to deliver the goods as soon as possible. The first place has been taken away by Qiao Ge, can't we even get the second place?" Rab immediately overruled Man. proposal.

"I won't let you down."

"So what do you think about Qiaogo's entry into the palm oil market?" Rab asked everyone, changing the topic.

"I think we still need to find a way to find out what the purpose of Qiaogo's entry into this market is." Deliha Jia said.

He is a representative of several anti-edible oil alliances.

They have joined here, but they still do not have the right to operate and manage the company. After all, they are considered losers. Even if they merge the company under their name, their shares will still be small.

So it is enough to send a representative to attend the meeting.

Their main focus now has been put into petrochemical projects.

In the future, this is the chicken that will lay golden eggs for them.

"That's right, if we don't understand this, it will be a hidden danger after all, and we won't be able to be at ease." Kehas said solemnly.

"Do I think everyone is too sensitive?" Labu smiled and said, "I admit that that kid often does amazing things and subverts many industries, but he wants to replicate those previous actions in the edible oil market. It’s not that easy. Let’s not talk about how big the market is. The capital investment alone is an astronomical figure. Think about our investment in this area, how much is that?”

Rab is of course very confident in the industry he has been engaged in his whole life, especially now that his family has reached the top under his leadership, far beyond anything before. He has the capital to be proud of.

This made everyone smile. Yes, they invested heavily in the edible oil market and then gained control.

"Of course, Jogo is not enough on his own, and he may find allies, but I am still not too worried about subverting our current industry." Raab continued, "He is now taking a step forward in the palm oil market. That’s the extent of the advantage. And he basically gained this advantage at a high cost, and it is unlikely to last forever. With our strength in the edible oil market, we can definitely strike before the enemy."

"In addition, with our share of the Indian edible oil market, I believe it is impossible not to see it with foreign suppliers. Bijogo definitely has an advantage when it comes to price negotiations. As long as we cooperate with us, it means a lot In a huge market like India, I believe that those suppliers cannot miss such a good opportunity. So we are a big player here. Since we are a big player, we must have an advantage over Qiaogo in terms of price. Even if there is a protracted price war in the future, look at that How long can this kid hold on? How much money can he have to burn?"

"Haha~~" Kehas laughed, "We are experts in price wars."

Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like