Coconut Oil Imports and Consumption Increasing in the United States

George W. Kromer

No 320408, Miscellaneous Publications from United States Department of Agriculture, Economic Research Service

Abstract: Excerpts from the report: The United States is the world's largest single importer of coconut oil and copra, accounting for over one-fourth of the total volume moving in world trade. The Philippine Republic is the world's largest producer and exporter of these commodities, representing two-fifths of world output and over one-half of the total world exports. U. S. imports of coconut oil and copra (mainly from the Philippines) have risen steadily from a postwar low of 554 million pounds in 1952 to 720 million in 1963. In the meantime, the proportion imported as coconut oil increased, and comprised 52 percent of the total in 1963. Domestic disappearance of coconut oil has also shown an uptrend in the past decade. A large part of the increase has been in the food category, which now comprises one-third of total consumption compared with one-fifth prior to 1952. Suspension of the 3-cent processing tax, relatively low steady prices, and GSA liquidation of the national stockpile of coconut oil have stimulated domestic use in recent years

Keywords: Agricultural and Food Policy; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety; International Relations/Trade (search for similar items in EconPapers)
Pages: 16
Date: 1964-04
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersmp:320408

DOI: 10.22004/ag.econ.320408

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