Construction of the unified national market for edible vegetable oils based on the futures prices
To promote the construction of a unified national market for edible vegetable oils,according to the theory of"one-price law",based on the data of the futures prices of edible vegetable oils,using cointegration test,vector error correction model,impulse response analysis,variance decomposition analysis were used to analyze the equilibrium price relationship between a variety of edible vegetable oils,and relevant suggestions were proposed.The results showed that it was interconnected that the price information between a variety of edible vegetable oils with the guidance of futures prices and the arbitrage mechanism,and they had a long-term equilibrium relationship.There was a dynamic coordination relationship between the supply,the demand and the price of a variety of vegetable oils,and they together formed a unified market.The suggestions such as strengthening the construction of the oils and the oilseeds futures markets,actively promoting the promotion and utilization of futures market functions,improving the domestic production capacity of soybean and oilseeds,widely tapping into the supply potential of various edible vegetable oils and effectively safeguarding the economic interests of the import link were put forward to promote the construction of a unified national market for edible vegetable oils.
edible vegetable oilsunified national marketfutures prices
NETL
NSTL
万方数据
