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Why is ingot oil so cheap?
Yuanbao oil is cheap mainly for the following reasons:

1. Transgenic soybean: Yuanbao brand soybean salad oil uses genetically modified soybeans as raw materials. Because genetically modified soybeans are relatively cheap, the price of Yuanbao brand soybean salad oil based on genetically modified soybeans is relatively low.

2. Market positioning: Yuanbao brand soybean oil mainly faces the low-end market and enters the catering industry. Because the catering industry is relatively sensitive to oil prices, the price of Yuanbao brand soybean oil will not be too high, otherwise it will affect its sales in the catering market.

3. Production technology: The production technology of ingot oil is leaching method. Compared with the pressing method, the production cost of the leaching method is lower, so the price is relatively lower.