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

Author

Listed:
  • Boutwell, Wayne
  • Doty, Harry
  • Hacklander, Duane
  • Walter, Alan

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.

Suggested Citation

  • Boutwell, Wayne & Doty, Harry & Hacklander, Duane & Walter, Alan, 1976. "Analysis of the Fats and Oils Industry to 1980 with Implications for Palm Oil Imports," Miscellaneous Publications 329773, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersmp:329773
    DOI: 10.22004/ag.econ.329773
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