Khartoum University Journal of
Management Studies

OFFICIAL PUBLICATION OF THE SCHOOL OF MANAGEMENT STUDIES, UNIVERSITY OF KHARTOUM
  • Abbreviation: Khartoum Univ. J. Manage. Stud.
  • Language: English
  • ISSN: 1585-8069
  • DOI: 10.5897/KUJMS
  • Start Year: 1994
  • Published Articles: 35

The effects of Global Trade Reform on the World Vegetable Oil Market

Yousif Osman Abdel Karim
  • Yousif Osman Abdel Karim
  • Faculty of Economics and Management Alzahari University
  • Google Scholar
Elgilani Eltahir Elshareif
  • Elgilani Eltahir Elshareif
  • College of Business Studies, Sudan University of Science and Technology
  • Google Scholar


  •  Received: 30 November 2011
  •  Published: 31 December 2011

Abstract

The purpose of this paper is to analyze the impact of global trade reforms on the world vegetable oil market. For this purpose, this study developed a world spatial equilibrium model for vegetable oil that incorporates palm oil and soybean oil. The model contained major palm and soybean oil importing and exporting countries and regions. The results show that free and fair agreement trade leads to an increase in vegetable oil trade. Malaysia producers and China consumers are the biggest beneficiaries. Trade liberalization improves the overall world welfare as world producers and consumers surpluses increase. This implies the importance of moving towards free and fair agreement trade in the global vegetable oil market.