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.
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.
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.
Does economic growth increase the demand for edible oil in Ethiopia?
It is fact that the Ethiopia¡¯s Economic Growth registered in the past few years increased the disposable income of peoples which in turn have positive effect on their consumption habit and hence increase the demand of edible oil in Ethiopia. B.