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Will soybean oil continue to skyrocket in 2023?
Yes, the price of soybean oil will rise. Statistics from the National Bureau of Statistics show that the price of soybean oil has been rising since this year, from 4,200 yuan per ton in June to 5,200 yuan per ton in July, with an increase of 23.8%. The main reason is the shortage of domestic soybean oil supply. Since the beginning of this year, soybean oil production has decreased, while demand has increased, which has led to an increase in soybean oil prices. To predict the change of soybean oil price, we should first pay attention to the supply and demand of domestic soybean oil and the change of international soybean oil market. If the domestic soybean oil supply is tight and the demand increases, the soybean oil price is likely to continue to rise. In addition, changes in the international soybean oil market will also affect changes in domestic soybean oil prices. If the international soybean oil price rises, the domestic soybean oil price will also rise. Personal tip: If you want to buy soybean oil, you can pay attention to the supply and demand of domestic soybean oil and the changes in the international soybean oil market, so as to adjust the purchase strategy in time and get a better price.