1. Supply and demand: Supply and demand is one of the basic factors that affect commodity prices. When the demand for edible oil continues to grow and the supply cannot meet the demand, the price will rise. In recent years, with the global population growth, economic development and the improvement of living standards, the demand for edible oil is also increasing.
2. Price of raw materials: The production of edible oil mainly depends on plant oil crops, such as soybeans, rapeseed, peanuts and sunflower seeds. The price of these crops is influenced by weather, yield, planting cost and other factors. In recent years, global climate change, extreme weather and other factors lead to fluctuations in oil crop output, which in turn affects the price of edible oil.
3. Production cost: In addition to raw material cost, the production cost of edible oil also includes processing, transportation, packaging and other expenses. With the increase of labor cost, energy price and transportation cost, the production cost of edible oil also rises, pushing up the price.
4. International trade: International trade policies and market changes have an important impact on the price of edible oil. Such as tariff policy, import and export restrictions, trade frictions, etc. , which may lead to fluctuations in the price of edible oil.
5. Substitution price: The change of substitution price will also affect the price of edible oil. If the price of substitutes is relatively low, consumers may turn to buy substitutes, which will affect the demand for edible oil and thus the price.
6. Speculation: Speculation is also one of the factors that affect the price of edible oil. When investors predict that oil prices will rise, they may buy a lot of edible oil futures to push up the price.
Generally speaking, the continuous rise of edible oil price is the result of many factors. To solve this problem, we need to start from many angles, including increasing the output of oil crops, reducing production costs, strengthening international trade cooperation and stabilizing market expectations.