Trans fat ban may hit U.S. soyoil use, boosting palm oil
"If there's some restriction that affects soybean oil more so than the other edible oils, then you would probably see substitution in the food manufacturing industry to those other oils," Lehman said.
Such substitution can take time.
"It isn't just a matter of taking out partially hydrogenated soy and plopping in palm oil or high-oleic canola. You might change the flavor profile significantly, and that is something food companies don't like to do," said Galloway.
"Food companies take about two years from the time they are introduced to an alternative ingredient until they can commit to a switchover," Galloway said.
Restaurants also may have to adjust, if trans fats are banned.
"This should be a warning that, if you haven't taken them off the menu, now is the time," said David Maloni, chief commodity analyst at the American Restaurant Association.
- Granular completes nationwide beta testing; signs first customers
- Concerns grow over damage to EU wheat crop quality
- Davis Equipment is celebrating 50 years in business
- Ag futures ended the week in decidedly mixed fashion
- Pinnacle Agriculture, Tecomate Wildlife form alliance
- Ag markets remained quite mixed at noon Friday