Analysis of the Fats and Oils Industry to 1980 with Implications for Palm Oil Imports

Wayne Boutwell, Harry Doty, Duane Hacklander and Alan Walter

No 329773, Miscellaneous Publications from United States Department of Agriculture, Economic Research Service

Abstract: The outlook for the domestic fats and oils industry between now and 1980 has been analyzed in light of the world supply and demand picture. Domestic per capita consumption of food fats and oils is expected to increase to 60 pounds by 1979/80. To meet this demand, imports of palm, coconut, and palm kernel oils are expected to remain strong but below the 1975/76 levels. The high palm oil imports during the past 2 years resulted from shortfalls in U.S. fats and oils production and wide price spreads between palm and soybean oils. Palm oil production is expected to continue expanding to 4.7 million metric tons by 1980. Soybean oil prices may decline to the 12-14 cent per pound range but meal prices will mostly offset, thereby maintaining soybean prices in the $4.30-$4.85 per bushel range.

Keywords: Crop Production/Industries; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety; International Relations/Trade; Marketing; Productivity Analysis; Research and Development/Tech Change/Emerging Technologies (search for similar items in EconPapers)
Pages: 30
Date: 1976-05
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/329773/files/ERS-627.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:uersmp:329773

DOI: 10.22004/ag.econ.329773

Access Statistics for this paper

More papers in Miscellaneous Publications from United States Department of Agriculture, Economic Research Service Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().