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Tung Oil Supplies Scarcest Since World War II

Author

Listed:
  • Kromer, George W.

Abstract

U. S. tung oil supplies in 1962-63 are forecast at 39 million pounds, roughly 19 million less than in 1961-62 and the smallest since the oil-short days of World War II. Freeze damage reduced the 1962 tung oil crop to an estimated 6 million pounds, only one-fifth as large as that a year earlier. Thus, domestic requirements will need to be met chiefly through imports from Argentina and Paraguay. Domestic disappearance of tung oil in 1962-63 is forecast at 33 million pounds, 10 percent less than in 1961-62. Sharply reduced supplies of tung oil along with the highest prices since the spring of 1952 will encourage drying oil users to shift to substitutes where possible.

Suggested Citation

  • Kromer, George W., 1963. "Tung Oil Supplies Scarcest Since World War II," Miscellaneous Publications 320092, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersmp:320092
    DOI: 10.22004/ag.econ.320092
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