Reborn as the richest man in India.

Chapter 347 Losing money and occupying the market

Although everyone is building momentum and knowing that palm oil is cheap, there are still some people who have concerns.

For example, those upper-class elites don't buy much. Of course, they don't buy traditional soybean, rapeseed oil or the like. They usually buy imported olive oil and the like.

The low price of palm oil is basically aimed at ordinary people and poor people.

The base of this group of people is huge.

Even if the profit per kilogram is small, as long as the terrifying population base is added, it is an astronomical figure.

Therefore, the sales of the first batch of 1 tons of palm oil in Qiaogo are still very popular.

Of course, the government has also done a lot of work this time. For example, those officials took the initiative to take the lead in purchasing and set an example.

It was probably Qiaogo's previous words that inspired them. The government promoted the import of palm oil as a measure to benefit the people, and this has won the support of many lower-class people.

For the lower classes, nothing is more affordable than cheap cooking oil.

In this way, they can reduce an expense and ease their originally tight life a little bit.

"What did you say? Only 40 rupees can be used to protect the capital?" After listening to Mandy's report, Rab couldn't help but raise his voice.

"Yes, chief, one kilogram must be sold for at least 40 rupees, so we don't lose money." Manti said.

"This is unreasonable. How did that kid Qiaogo do it?" Rab said in a deep voice.

"Patriarch, I think that kid is just losing money to make money, or trying to occupy the market first by losing money like this." Manti said, "The import of palm oil from Malay has been negotiated, and the price is 1200 US dollars per ton. This It’s already a preferential price for big customers like us. I don’t believe that guy Qiao Ge’s price can be lower. Add in various other costs, and he simply can’t offer such a low price.”

"Then what do you think is the appropriate domestic retail price here?" Rab asked.

"At least 45 rupees per kilogram," Manti replied.

"No." Rab said, "Now is a good time for everyone to occupy the market, and we must not be at a disadvantage in terms of price. Qiao Ge sells it for 40, but we sell it for 45?"

"If you sell it for 40, you will lose money."

"38, just sell it at 38 rupees per kilogram." Rab said solemnly, "To compete for the market, a price war is inevitable. That guy dares to lose money and occupy the market, can't we bear it? And the price he paid is even greater. , what do we have to fear?"

"Yes, patriarch." Mandy secretly breathed a sigh of relief.

As long as he gets the authorization from the clan leader, Manti is certainly not afraid of price wars.

He is afraid of being said that he will lose too much due to the price war.

I don't know how many people are staring at this position. He can't make the decision on some things without authorization.

"Do you know what the import price of that kid Qiaogo is?" Rab asked.

"I asked an acquaintance at the customs for help and found out the price, which is US$1100 per ton," Manti said.

"1100 USD?"

"Patriarch, do you believe it? Our lowest price is only 1200 US dollars. Can he get 1100 US dollars?" Mandy said hurriedly, "That boy must have given the other party another fee outside. I think that boy knows that we can He got some data from the customs, so he did this. He wanted to use such a trick to deceive us, making us think that his cost is really so low. In this way, we are wary when engaging in a price war. .”

Rab thought about it, it was impossible for Qiao Ge to get such a low price.

When he did this, he wanted to make his side misunderstand that his costs were low and he was not afraid of price wars.

It's ridiculous, such a childish method, I can see through it at a glance.

The more this happens, the more it can be seen that Qiao Ge is guilty.

It feels like this kid just wants to give it a try. If he can scare himself, he may continue to invest. What if he is not scared?
Rab felt that as long as he showed his momentum and tried to squeeze him out of the palm oil market at all costs, that kid would give up and retreat, right?

As soon as that kid retreats, the other participants will probably be dumbfounded.

Of course he knows that this time many people are pouring into the palm oil market, and Qiaogo has played a very bad leading role.

Why can you make money by following Qiao Ge? That's nonsense.

I'm going to break this kid's bullshit halo this time. Isn't it just because of some luck? Do I really think it's my own ability?

As long as Jogo withdraws, won’t the farce in the palm oil market be completely over?
The more Lab thought about it, the more reliable it became.

"The retail price should be set at 35 rupees per kilogram." Rab changed his words.

"Ah?" Manti said a little surprised, "Chief, is it a little too low all of a sudden?"

"More? Just have this gesture to let those guys know the determination of our Sitharaman family. Whoever dares to snatch food from our bowl must think about the price he will pay next." Rab said coldly.

"I understand." Mandy was very excited.

With the support from the patriarch, I am confident in the price war.

The cost on my side has reached 40 rupees, and the cost on others must be even higher. How can I compete with my side?

"Patriarch, there is one more thing. Genna has now gone to Qiaogo's side and serves as the general manager of the Gupta Edible Oil Company." Mandy felt that this matter should be mentioned.

Previously, Jena was one of his strong competitors.

I have to say that Jena still overpowered him at that time.

Because he relies on his own background to be stronger than Jena in order to be evenly matched with the opponent.In terms of ability alone, he is indeed inferior to Jena.

Of course, he would never admit such a thing in front of outsiders.

Later, Jena was expelled from the family, and he found people to target Jena for many things secretly.

Now that Jena has gone to Qiao Ge's side, and there are bodyguards around him, it is no longer easy for him to target him, and he is still angry.

If I had known that I should have been more ruthless, even if I didn't want his life, I would still have to cripple him.

"Stop talking about that beast." Lab snorted coldly.

He has known about this for a long time, and many old friends mentioned it when chatting with him.

Although everyone was just chatting casually, Labu felt like he was being laughed at.

It can be said that Jena running to Jogo's side was a shame and betrayal for him and the Sitharaman family.

"He is no longer a child of the Sitharaman family, and nothing about him has anything to do with us." Rab added.

On May 5, the Sitharaman family’s palm oil finally arrived.

Manti still had the ability, but he quickly seized the time and finally became the second merchant to import palm oil.

Sharma and other families were not so anxious, and the goods arrived one after another after Manti.

According to Qiao Ge’s plan, don’t worry.

Let the Sitharaman family be proud first.

If the speed on our side is so fast, there is no guarantee that they will find something fishy immediately.

Although the situation in Malay cannot be concealed, it is only one more day that it can be concealed.

As the second importer, Qiaogo will not have the same treatment as before, and there will be no support from senior federal officials.

But Manti added some spice to himself. He had already notified many reporters, making the scene very lively.

Moreover, he announced that contracts for the machinery and equipment of the palm oil refinery have been signed with foreign merchants and deposits have been paid. They will be delivered and installed as soon as the factory is completed.

This shows the determination of the Sitharaman family in the palm oil market.

Of course, the most important thing is that Manti announced the retail price of palm oil, which is only 35 rupees per kilogram.

You must know that the price of 40 rupees per kilogram in Qiaogo was already very amazing. Unexpectedly, the price in Manti was even lower.

"Boss, this is the news from the other side." Hudi took several newspapers to Qiao Ge's office.

After taking a look at the content, Qiao Ge chuckled and said, "Is this going to start a price war?"

"Yeah, I didn't expect it to be reduced by 5 rupees from the beginning." Hudi responded, "It seems that they are very confident."

"That's right," Qiaogo said. "They are now proud of having won the traditional edible oil market. Naturally, they feel that they can crush everything in the palm oil market."

This is inflated self-confidence, but Jogo likes their thinking.

Only in this way will we invest more and consume more funds.

Hu Di smiled, of course he understood what his boss was thinking.

"Boss, shall we follow?" Hu Di asked.

"Don't worry, let them sell it for a few days, and then we will lower it by 1 rupee." Qiaogo laughed and said, "In the future, we will lower the price by 1 rupee according to their price. It will disgust them to death."

On this day, Gulaga Butt came to Qiaogo's office. He is the manager of the Dimri Charitable Foundation and is responsible for the fund management there.

He has been a manager for some time and has investments, but the scale is not large. After all, Dimri's charitable funds are almost the same as what Qiaogo donated last time.

But this time Qiaogo came to him because he needed to set up a new investment company, Gupta Investment Company, and the manager was naturally Gulaga.

This made Gu Lajia very excited.

Is Boss Gupta finally going to invest big?
"Boss, are you talking about Reliance Group's stocks?" Gulaga frowned after hearing Qiaogo's words. "Although the Reliance Group's stocks have plummeted 15% recently and people have sold them in large quantities, I think there are still There is a lot of room for decline. If you really want to buy their stocks, you can wait, and the cost will be lower by then."

Gulaga is an expert in this field, and Qiao Ge must trust his judgment.

However, Qiaogo also has his own ideas when it comes to Reliance Group.

Now the Reliance Group is being jointly targeted by the traditional high-caste powerful families. Coupled with the government's suppression, TV newspapers and other media have exposed some illegal deeds of the Reliance Group in the early years of its fortune.

For a time, it was spurned by the public, and a large number of investors sold their stocks, causing the stock price to plummet.

"No, I'm asking you to pretend. I don't really want to acquire shares of Reliance Group." Qiao Ge said with a smile.

"Oh? I still don't quite understand what you mean, boss." Gu Lajia asked doubtfully.

Of course he knows that the boss and Reliance Group are not going to deal with each other.

But what is the purpose of doing this?
"I want to put some pressure on Reliance Group." Qiaogo said, suppressing his smile, "Tell me, if we spread the word here that we want to acquire a large amount of Reliance Group shares, what will Drubai do?"

(End of this chapter)