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Oil palms (Elaeis guineensis) Oil palm fruit is one of the most widely produced primary crops in the world.. An estimated 1.5 million small farmers grow the crop in Indonesia, along with about 500,000 people directly employed in the sector in Malaysia, plus those connected with related industries.
According to the Hamburg-based Oil World trade journal, [115] in 2008 global production of oils and fats stood at 160 million tonnes. Palm oil and palm kernel oil were jointly the largest contributor, accounting for 48 million tonnes, or 30% of the total output. Soybean oil came in second with 37 million tonnes (23%). About 38% of the oils and ...
Indonesia, the world's top palm oil producer, announced plans to ban exports of the most widely used vegetable oil on Friday, in a shock move that could further inflame surging global food inflation.
In Honduras, the business-lending arm of the World Bank aligned itself with a key player in a land dispute that has left more than 130 people dead, including Gregorio Chávez, a preacher who went out to tend his garden one day and didn’t come back. In the last decade, the International Finance Corp.’s lending and influence has soared, even as it has embraced financing methods that shield ...
Palm oil production is vital to the economy as Indonesia is the world's biggest producer and consumer of the commodity, providing about half of the world's supply. [77] Plantations in the country stretch across 6 million hectares as of 2007, [ 78 ] with a replanting plan set for an additional 4.7 million to boost productivity in 2017. [ 79 ]
Products containing Certified Sustainable Palm Oil (CSPO) can carry the RSPO trademark. [4] Members of the RSPO include palm oil producers, environmental groups, and manufacturers who use palm oil in their products. In 2014, Indonesia accounted for 40% of global palm oil production and 44% of the total RSPO-certified areas. [5]
Palm oil production is important to the economy of Indonesia as the country is the world's biggest producer and consumer of the commodity, providing about half of the world's supply. [1] In 2016, Indonesia produced over 34.6 million metric tons (34,100,000 long tons; 38,100,000 short tons) of palm oil, and exported 25.1 million metric tons ...
The Council of Palm Oil Producing Countries (CPOPC) is an intergovernmental organization founded by Indonesia and Malaysia to collectively promote the global use of palm oil. Together, the two countries produce the majority of the world's palm oil, a product that has come under pressure due to environmental concerns.