Simply put, the current rise in edible oil is due to the increase in processing raw materials, soybeans and peanuts, mixed beans and so on. Many people attribute the rise of food raw materials to the global food security crisis. Some economists, especially financial consortia, believe that it is the United States and Britain that take advantage of the turbulence of international free currency exchange rate in recent years to speculate on futures trading. However, in terms of political factors, European and American governments shirk it to two channels: population growth in developing countries and the development of new energy sources based on grain.
You asked that grain is not oil and should not go up. In fact, because food is a substitute for oil as a source of power, it must be expensive.
Imagine that if the world does not need oil as a power source, but can have cheap enough food as a power source, then what kind of new order will the United States and Europe be, whether it is the government or the consortium or the current military competition and economic competition?
People who master oil don't allow oil to be replaced. The dollar is eager to depreciate. What can Americans do to save themselves? Oil!
Whoever is the enemy of oil is the enemy of the American economy, and food must be monopolized at a higher price.
Another reason is that the current rise in edible oil prices is also caused by the inevitable blind rise in CPI. Taxis go up, Sichuan pork goes up. It is estimated that everyone's salary is also increasing, so the price of edible oil will also increase, but it is too expensive under the impetus of various factors. Coupled with the rising labor costs of production workers, transportation costs and so on, this is the case now.