This invention relates to a composition comprising, consisting of or alternatively consisting essentially of a stabilized furfural or glycol ester of a vegetable oil fatty acid and an antioxidant such as butylated hydroxy toluene. This invention also relates to latex film-forming compositions containing stabilized furfural or glycol esters, such as a stabilized propylene glycol monoester (PGME) mixture. This invention is also directed to methods of stabilizing furfural or glycol esters of a vegetable fatty acid by contacting the esters with an antioxidant such as butylated hydroxy toluene. This invention also includes methods of preparing film-forming compositions comprising a stabilized furfural or glycol ester, such as the stabilized PGME mixture disclosed herein.