Experts on three major edible oil prices rising across the board: China has the ability to ensure the safety of "oil bottles"

Published 2020년 12월 18일

Tridge summary

The article discusses the significant rise in prices of edible oil in China, with a focus on rapeseed oil, and addresses concerns about the safety of "oil bottles." Despite China's heavy reliance on foreign sources for edible oil, experts believe the country can ensure the safety of domestic supplies through increasing oil production, improving reserve systems, and diversifying import channels. Factors contributing to the increase in rapeseed oil prices include reduced global supply, limited domestic production space, and import restrictions, alongside the impact of loose monetary policies on the agricultural futures market. The article also touches on the challenges of meeting China's edible oil demand domestically and the efforts to enhance the resilience and self-sufficiency of the edible oil industry, including strategies for expanding oil crop planting areas, strengthening oil processing enterprises, and improving reserve management and emergency planning.

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Original content

This year, domestic edible oil prices have continued to rise, and the safety issue of "oil bottles" has become a hot spot for the people. In this regard, experts said that although China's edible oil is highly dependent on foreign sources, China's oil and oil production capacity continues to increase, and there are perfect grains and oils. The reserve system also has diversified channels for importing oils and oils. Therefore, China has the ability to guarantee the safety of "oil bottles". Since the beginning of this year, domestic edible oil prices have continued to rise. The price of rapeseed oil has risen sharply at the beginning of the year. Now that palm oil is hotly speculated, the three major edible oil varieties are facing a trend of rising prices across the board. What are the reasons for the rising prices of edible oil? Is my country's edible oil supply guaranteed? In interviews with reporters, some authoritative experts stated that China’s edible oil is highly dependent ...

Source: Chinaeconomy