You may also like: The mysteries surrounding the Bermuda Triangle Palm oil is just another type of vegetable oil, but it is so popular because of its unique chemistry. For example, the fact that it¡¯s pale and odorless makes it the ideal food additive.
Are we concerned about the sustainability of the oil palm industry?
Though we are happy at the moment, we are concerned about the sustainability,¡± Pullaiah, an oil palm farmer from Badradri Kothagudem district, told businessline.
What is palm oil used for?
According to the BBC, palm oil is used in 50% of consumer products, as well as having a wide range of industrial applications. Follow us and access great exclusive content every day In 2018, farmers produced 77 million tonnes of palm oil globally. By 2024, that number is expected to rise to 107.6 million tonnes.
What is happening to oil palms?
The recent increase in duties on the import of crude and refined edible oils has resulted in an increase of about ?2,500 on every tonne of an FFB (Fresh Fruit Bunch) of oil palm, bringing cheers to thousands of farmers in the country.