Average VN consumption of cooking oil surges

Tuesday, Aug 11, 2015 14:55

Average amount of cooking oil consumed by Vietnamese people is expected to reach 16kg per year by 2020. — Photo www.brandsvietnam.com

HA NOI (Biz Hub) — The average amount of cooking oil consumed by the Vietnamese people is expected to touch 16kg per year by 2020, the General Statistics Office said.

The figure is expected to reach 18.5kg per person by 2025.

In 2014, the average was 9.55kg per year, lower than the world figure of 13.5 kg, the office said.

It attributed the increase in consumption to the rising demand for export and the development of the food processing industry.

Cai Lan Oils and Fats Industries Company led in terms of cooking oil turnover in 2014, accounting for 37.3 per cent of the country's market share.

The office said an estimated 680,000 tonnes of palm oil and 240,000 tonnes of soybean oil would be consumed during the 2014-15 period. — VNS

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