date:Sep 05, 2012
policy decisions by governments which have relaxed controls on trade.
Ingredient substitution
Dairy ingredient volatility had led to substitution of, for example, butter with palm oil. Palm oil is avery liquid marketand widely hedged, said Lancaster.
Buyers prefer to do business with suppliers providing stable prices and volumes,he noted.Substitution became important in the decision made by many processors in what to use in new products.
The fact that the US drought had led to an increase in