Experts on three major edible oil prices rising across the board: China has the ability to ensure the safety of "oil bottles"
Refined Soybean Oil
Crude Canola Oil & Rapeseed Oil
China
Published Dec 19, 2020
Tridge summary
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 on foreign sources, but China’s oil and oil production capacity continues to increase, with a sound grain and oil reserve system, diversified oil and oil import channels, and the ability to protect "oil bottles." Safe. Many factors drive the price of rapeseed oil to rise. Rapeseed oil is the second largest edible oil variety in China and the first edible oil variety that has continued to increase in price this year. In terms of futures, the main contract price of rapeseed oil futures of ZCE The highest breaks through 10,000 yuan per ton, an increase of nearly 30% from the beginning of the year, and an increase of about 50% from the low point in May, a new high since 2013.
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 ...
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