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Can salad oil prices drop in 2023?

There will be no price reduction.

The United States is in financial crisis and has a large deficit. In order to maintain its hegemony, it has to borrow heavily, print dollars, and export inflation to the world. This has led to an overall rise in commodities around the world, including soybeans. Also due to the increase in labor costs, the prices of fertilizers and oils have increased. There is also a reduction in soybean production in the United States this year. Therefore, the price of soybeans will not decrease this year, and the price of edible oil using soybeans as the main raw material will not decrease.