U.S. Consumption of Imported Palm Oil Increasing

George W. Kromer

No 322036, Miscellaneous Publications from United States Department of Agriculture, Economic Research Service

Abstract: U.S. supplies of imported palm oil since 1965 have increased sharply to an estimated 200 million pounds for 1969. Palm oil is brought in duty free mainly from Indonesia and Malaysia where production is expanding rapidly. Palm oil prices have dropped in recent years resulting in more competition for domestically produced soybean oil. Imports of palm oil likely will continue to increase; world export availabilities are expected to triple by 1975. In 1969, around 160-170 million pounds of palm oil are expected to be consumed domestically, with approximately three-fourths going into shortening manufacture. The uptrend in domestic use is expected to continue.

Keywords: Crop Production/Industries; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety; International Relations/Trade; Productivity Analysis (search for similar items in EconPapers)
Pages: 14
Date: 1969-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersmp:322036

DOI: 10.22004/ag.econ.322036

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