PURI FRY (GENERAL)
Address: 40a Ballygowan Rd, Hillsborough, BT26 6EJ Co Down, IRELAND
Phone: +3534892688331 Mobile: * Fax: *
Website: http://purifry.ie Email: *
Cooking oil is an essential commodity in any catering facility, unfortunately as we are all aware the price has been climbing steadily since the middle of 2006. This price increase is due mainly to the increase in Bio-diesel production which has increased demand for vegetable oils on the world market.
As cooking oil is traded as a commodity this has led to the high prices that we have seen, with the price of even a basic oil now being pushed over £1 or €1.20 per ltr. Also having an impact on what you pay for your cooking oil is the value of crude mineral oil, this increases the value of biodiesel, therefore manufacturers are willing to pay higher for vegetable oil, also speculators have seen vegetable oil as a good investment, also increasing its value - and so the vicious circle continues and increases the market price.