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What's Cooking; Vegetable Oil
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 400 no. 8751 (Sep. 2011)
,
page 73.
Topik:
Vegetable Oils
;
Commodity Prices
;
Demand
;
International
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.68
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Over the past decade the price of vegetable oils has all but quadrupled. Like other commodities, prices hit records in 2008. The subsequent slump is now forgotten: prices are back close to the peaks. Glencore, the world's biggest commodity trader, may be about to confirm the industry's allure: rumours are flying that it is mulling an investment in KS Oils, an Indian edible-oil firm. Kona Haque of Macquarie, an Australian bank, points to two structural factors behind oil's sizzle: China and biodiesels. A planet with more mouths to feed and deeper pockets has led to rapid growth in consumption of vegetable oils as well as grains and meat. And although the rapid surge in demand for oils in China and the rest of Asia is slowing there is still plenty of scope for more growth. In the past few years a new source of demand has emerged for vegetable oils. Biodiesel production has rapidly accelerated and now consumes over a tenth of the global vegetable-oil crop.
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