• KIRAN KUMAR L K
• A N VIJAYAKUMAR

Growing global population, increase in per capita income and increasing expenditures over food service industries such as full time restaurants, fast food outlets, caterers and hotels are expected to bolster the demand for edible oils. Global vegetable edible oil industry is expected to expand at a CAGR of 5.3% from 2016 to 2024. Edible oil has wide application, in addition to its use in food sector, it is also used in production of biofuel , the usage for production of biodiesel is higher during the period of time when the price of Crude oil is in upward trend and the favorable policy of the government towards slowing the climate change. Soy oil and Palm oil are the top two vegetable edible oil consumed in the world with market share of 28% and 34% respectively, prices of these oil is determined by the supply of demand of respective oil and are most of the time complementary to each other. the prices of these 2 oil tend to move closely to each other, Soybean oil is palm oil's most important competitor and vice versa, Price differentials play a significant role among these two vegetable oils in world markets. A slight differential in price among these two oils is sufficient to switch manufacturers' preferences in many international markets. This Study, analyses the dynamic interactions between changes in the price of Soy oil and changes in the Price of Palm oil & determines if Palm oil has information on the price of Soy oil and arrives at the forecasting model.

SOYBEAN OIL , PALM OIL , COINTEGRATION , SUBSTITUTE PRODUCT, ECONOMETRIC MODEL, PRICE FORECAST OF SOYBEAN OIL

"PRICE & VOLATILITY TRANSMISSION - SOYBEAN OIL AND CRUDE PALM OIL AND PRICE FORECASTING OF SOYBEAN OIL", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 4, page no.509-525, April-2019, Available :http://www.jetir.org/papers/JETIR1904E78.pdf

"PRICE & VOLATILITY TRANSMISSION - SOYBEAN OIL AND CRUDE PALM OIL AND PRICE FORECASTING OF SOYBEAN OIL", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 4, page no. pp509-525, April-2019, Available at : http://www.jetir.org/papers/JETIR1904E78.pdf