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Natural oils and fats — Prospects for the 1980s
Author(s) -
Lysons A.
Publication year - 1978
Publication title -
journal of the american oil chemists' society
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.512
H-Index - 117
eISSN - 1558-9331
pISSN - 0003-021X
DOI - 10.1007/bf02673383
Subject(s) - ton , economic shortage , agricultural science , agricultural economics , soybean oil , palm oil , environmental science , economics , chemistry , food science , biology , linguistics , philosophy , government (linguistics) , fishery
Abstract All fats and oils are more or less interchangeable in varying degrees. Therefore, shortages or surpluses of one type of oil or fat have some effect on the whole supply and demand effect on a freely operating market. The trend in long term for real prices of soapmaking fats and oils is down — because it is projected that supplies are likely to increase faster than global demand. Inflation rates affecting production costs of soybean and palm oils are not expected to be large but probably the most important of any of the fats. The price of coconut oil, as an example, was relatively stable until ca. 4 years ago — 5 years ago it was $200/ton, 3% years ago it was $1,400/ton, 6 months ago it was $700/ton, and now (August 1977) it is $470/ton. It is projected, for example, that it will be at a level of $750/ton in 1990.