1, raw materials rise? According to the statistics of the General Administration of Customs, since July this year, China's soybean imports have increased by 590 yuan per ton in just three months. Domestic soybean raw material prices rose by 12% in just one month. The increase in production costs directly leads to the rise in oil prices.

2. The sown area has been reduced. Li Wenbin, director of the Soybean Research Institute of Northeast Agricultural University, believes that the increase of soybean yield is directly related to the decrease of total sown area. Li Wenbin said that official statistics show that the soybean planting area in Heilongjiang Province was about 73 million mu last year, and this year it has dropped to about 66 million mu. Mainly because some soybean farmers think that corn and rice have higher benefits, they switched to planting.

3. The impact of the international market It is reported that the international bulk agricultural futures market performed strongly, pushing up the price of imported soybeans. According to Dr. Li Guoxiang from the Institute of Rural Development of China Academy of Social Sciences, more than 70% of soybeans in China depend on the international market, and the production, processing and sales of imported genetically modified soybeans are almost monopolized by several international giants. We have no right to speak and price, so we have to follow them. If the international market price rises sharply and the domestic soybean demand is relatively strong, it will also bring about price increases.

Lv Jingbo, director of the Regulation Department of the State Grain Administration, said that a series of factors, such as the reduction of supply in the US market, hot money speculation and the depreciation of the US dollar, have also had a certain impact on the rise in domestic edible oil prices.

Oil prices may continue to rise. Liu Baolin, general manager of Harbin Institute of Technology High-tech Industry Development Co., Ltd. said that the local soybean supply is tight, farmers are reluctant to sell, and the local supply-demand relationship will also push up the oil price. He predicted that the price of soybean oil would rise to about per ton 1 10,000 yuan. Dr. Li Guoxiang from the Institute of Rural Development of China Academy of Social Sciences believes that oil prices may rise, but the overall increase tends to decrease.