palm oil manufacturing plantpalm oil production

   
palm oil manufacturing plantpalm oil production
                                               
                                               
                                               
                                               
  • palm oil manufacturing plantpalm oil production
  • How has palm oil changed over the years?
  • Between 1970 and 2020, the world¡¯s production of palm oil increased by about 40 times. Global production went from only 2 million tonnes to around 80 million tonnes. The change in global production is shown in the chart.3 The story of palm oil is less about it as an isolated commodity and more about the rising demand for vegetable oils.
  • Where does palm oil come from?
  • In the map, we see the distribution of production across the world. Small amounts of palm oil are grown in many countries, but the global market is dominated by only two: Indonesia and Malaysia. In the chart, we see the production of the palm oil plant across a number of countries. Other producers include Thailand, Colombia, and Nigeria.
  • Why is palm oil important in Malaysia?
  • Palm oil production is vital for the economy of Malaysia, which is the world's second- largest producer of the commodity after Indonesia. The Malaysian Palm Oil Board (MPOB) is a government agency responsible for the promotion and development of the palm oil sector in the country.
  • How many people work in the palm oil industry?
  • In the two largest palm oil producers in the world, Indonesia and Malaysia, the palm oil sector directly employs almost 5 million smallholders and workers and indirectly employs an additional 6 million people (Russell, 2018, 2020). The sector is also responsible for an estimated 2.9 million downstream jobs in importing countries (Basiron, 2016).
  • Which countries produce the most palm oil?
  • Indonesia and Malaysia are the largest palm oil suppliers, collectively accounting for over 85 percent of the global production. Indonesia had, by far, the largest palm oil land usage in the world. It is the only country that has significantly increased the size of its palm oil forestry, which grew by almost 650 percent between 2000 to 2022.
  • Which countries import palm oil?
  • India, European Union (EU), China, Pakistan and Bangladesh imported more than half of the world¡¯s palm oil production (>27.4 million tonnes). The commodity imported to India had accounted for 18.6% (10.2 million tonnes) of the global output.