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Vegetable Edible Oils

Author

Listed:
  • Ecaterina Patilea

Abstract

The article presents the evolution of the world vegetable edible oils and oilseeds markets in 2011 and projections for 2012. It contains an indepth analysis of the production, consumption, trade and stocks, by the main types of oils and oilseeds, at the world level and by the main countries. In 2011, the average prices for most of oils substantially increased, on the basis of increased demand from emerging economies (mainly China, India and Indonezia), but also other factors (lower stocks for some of the oils, the weaker US dollar etc). As for 2012, the vegetable edible oil prices will tend to increase, on the basis of smaller global surplus of oils. The oilseeds prices could increase more, but weather risk must be taken into account.

Suggested Citation

  • Ecaterina Patilea, 2012. "Vegetable Edible Oils," Conjunctura economiei mondiale / World Economic Studies, Institute for World Economy, Romanian Academy.
  • Handle: RePEc:iem:conjun:y:2012:id:2822000009572003
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    More about this item

    Keywords

    world market; production; consumption; trade; stocks; prices; vegetable oils; oilseeds;
    All these keywords.

    JEL classification:

    • F01 - International Economics - - General - - - Global Outlook
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F59 - International Economics - - International Relations, National Security, and International Political Economy - - - Other
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • Q02 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Commodity Market
    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices
    • Q31 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Demand and Supply; Prices
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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