World demand and supply situation

The global demand (Mielke, 1992) for oils and fats is likely to increase by 32% or 25 MMT by the turn of the century to around 105 MMT annual 

Palm and palm kernel oils have become growth leaders in the whole field of oils and fats since the 1970s. Their growth was associated by unparalleled profitability and by attractive price differentials. The total world consumption of these oils reached 15.3% in 1990 as against 8.7% 10 years before. This has been the largest market share gain registered in the past decade in the field of oils and fats. 

Governmental negotiations such as GATT (General Agreement on Tariffs and Trade) do have a major influence on the future growth of these oils. Thus if GATT succeeds (Mielke, 1992), the soybean oil share 

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