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Article: Peanut Oil Price Spikes on Short-Term Tight Supply.(United States)(Brief Article)(Statistical Data Included)
- Article from:
- Chemical Market Reporter
- Article date:
- October 22, 2001
- Author:
CopyrightCOPYRIGHT 2001 Schnell Publishing Company, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Oils, Fats & Waxes
CRUDE PEANUT oil prices have spiked up to 37 cents per pound during the last two to three weeks from the flat 33 to 34 cents per pound seen in recent months, Refined peanut oil prices have surged to almost 50 cents per pound from the low 40 cent-per-pound range as crude oil inventories are down to almost nil as consumers scramble for supply. The price spike, according to industry observers, is mostly attributed to the delayed import of peanut oil from Argentina. US peanut oil stocks are down this year and cannot cope with the current demand until production comes from the next peanut crop.
"Crude peanut oil inventory has dried up for ...
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Article: Domestic peanut oil supply to exceed consumption in ...
China Business News;
October 9, 2008 ;
650 words
...Domestic peanut oil supply to exceed consumption in 2008 ... October 9. INTERFAX-CHINA - China's peanut oil supply is estimated to exceed actual ... harvest, and around 2.1 million tons of peanut oil will be produced from 7 million tons ...
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