What is the difference between crude oil and refined oil in Ethiopia?
In Ethiopia both refined and crude oils are equally consumed and being demanded in the market. Even though some health effect material (acid) is present in crude oil, it is being consummated even more than refined edible oil because of its relative low cost.
What is the market segmentation of Ethiopian edible oil?
Market Segmentation and Destination The market segmentation of Ethiopian edible oil depends on the destination where the product is to be sold. In Ethiopia there is shortage of edible oil and almost more than 95% of demand is being fulfilled by import from abroad. In addition, Ethiopia has no experience in exporting refined edible.
What is edible oil import in Ethiopia?
Import constitutes both Edible Palm Oil and edible oils of other oil seeds. 2 f As shown on the following table 5.1, edible oil consumption in Ethiopia is increased from 318,737 metric ton to 507,191 metric ton by 12.31% Geo mean from year 2012 to 2016 G.C.
Why is edible oil price skyrocketing in Ethiopia?
Price and Price Trend Edible oil is among the commodities with price skyrocketed and promoted the government of Ethiopia to intervene in the market through importing of the palm oil.The increase in refined edible oil price is cost-push rather than demand-pull.