Palm Oil Developments No.40 (June 2004) p24-25

Prices of Selected Oils and Fats in 2003 and 2004

RAMLI Abdullah

Some oils and fats improved in their prices from 2001 until 2003 (Figure 1). Among them cottonseed oil was the leader as its price increased by more than 100% from USD 414 t-1 in 2001 to USD 895 t-1 in 2003 (Table 1). The increases in palm olein and soyabean oil prices were about 55% and 57%, respectively, while those of palm kernel oil and coconut oil were about 49% and 47% respectively. The refined bleached deodorized (RBD) palm stearin price grew faster (59%) than that of tallow (42%) over the period.

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