China's edible oil price increase outperformed crude oil last year, and it is expected to remain high in the first half of this year

Recently, Ms. Liu, a citizen, found that the price of edible oil has risen a lot compared to before. For this reason, the reporter visited and learned that the price of some edible oil on the market has increased significantly compared with the previous one; affected by the increase in the price of imported raw materials, manufacturers Facing the dilemma of operating profit squeeze and price increase. According to the statistics of the United Nations Food and Agriculture Organization, the prices of various vegetable oils, including palm oil, soybean oil, sunflower oil, etc., will rise by 65.8% in 2021 compared with the level in 2020, outperforming the increase of 50% of crude oil. Oil prices may remain high in the first half of 2022. If they enter a downward channel in 2022, the resulting time lag effect will amplify the profitability of domestic edible oil companies, and profit elasticity may be gradually released. Reporter's direct hit on the New Year's market: the price of some ...