Evaluation and Outlook of the Colombian Palm oil Market

The Colombian palm oil market faced a sharp appreciation of the Colombian peso in 2006, which adversely affected the incomes of oil palm growers. However, the record-high international prices for animal and plant oils and fats and the good consumption dynamics of palm and kernel oils in Colombia, contributed to the good performance of the oil palm sector. The sector will face huge challenges in the future such as the increased supply of palm oil, the growing local demand driven by the biodiesel market, the development of logistics for the new biodiesel market, and the businesses' commitment to corporate responsibility principles. There are also great opportunities in the international market, especially in the United States, because the Free Trade Agreement, when it comes into effect, will provide better access conditions for processed goods and biodiesel. In terms of health, palm oil has a great competitive advantage compared to other oilseeds (soybean, sunflower, etc.) that must be subjected to a hydrogenation process to make them more stable and harder, as this process produces trans fatty acids which adversely affect human health. Therefore, the challenge is to make full use of these advantages to find new markets for the Colombian palm oil

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Bibliographic Details
Main Authors: Laguna L., Julio C., González T., Jaime
Format: Digital revista
Language:spa
Published: Fedepalma 2007
Online Access:https://publicaciones.fedepalma.org/index.php/palmas/article/view/1213
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