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Demand and Supply of Vegetable Oil Products in the United States: A Short-Run Analysis*

Published online by Cambridge University Press:  28 April 2015

R. McFall Lamm Jr
R. McFall Lamm Jr*
Affiliation:
Commodity Economics Division, Economic Research Service, Virginia Polytechnic Institute and State University
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Extract

Over the last decade consumption of vegetable oil products in the United States has increased enormously. Per capita consumption of vegetable oil products rose from 30.6 pounds in 1965 to 43.1 pounds in 1975—an increase of more than 40 percent. This expansion continues a historic trend and represents the single largest ten-year increment in the last fifty years [1, 2, 3]. The principal vegetable oils used in domestic products are soybean, cottonseed and corn oil. For this reason the increase in consumer demand for vegetable oil products over the last decade has had an important effect on the derived demand for soybeans, cottonseed and corn.

Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 9 , Issue 1 , July 1977 , pp. 173 - 178
Copyright
Copyright © Southern Agricultural Economics Association 1977

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Footnotes

*

The views expressed in this paper do not necessarily reflect those of the Economic Research Service. The author acknowledges constructive comments by J. Paxton Marshall of VPI & SU and Duane Hacklander of ERS

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