Price of Cooking Oil Doubles in 18 Months
…and is predicted to rise further
As you can see from the chart below, the price of crude soybean oil (and other oils like canola) has more than doubled in the last 18 months, from $0.28¢ to $0.56¢ per pound.
This trend is predicted to continue as increased demand for food from emerging countries like China, India and Brazil drives the price up.
“We will all be paying a lot more for the cooking oil that we use in our fryers in the coming years,” says Filta COO Tom Dunn. “One of the biggest tools we have is to make the oil last longer and improve the frying practices. Our FiltaFry service can help.”
Filta provides an onsite service for the micro-filtration of cooking oil and the vacuum based cleaning of deep fryers.
Filta already services over 5,000 customers every week all over the USA.
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