The palm oil industry produces and trades palm oil, an edible vegetable oil derived from the reddish pulp of the fruit of the African oil palm. The oil is used in food manufacturing, in cosmetics and beauty products, and as a biofuel, and it accounted for about 36 percent of all oils produced from oil crops worldwide in 2017, making it the most produced vegetable oil by volume. Its cultivation and processing are also associated with major environmental and social controversies, particularly deforestation in producing regions.
Facts
FAQs
Which countries produce the most palm oil?
Indonesia is the largest producer, followed by Malaysia, Thailand and Nigeria.
Indonesia is the largest producer of palm oil, producing 60 percent of the world total in 2022. Malaysia, Thailand and Nigeria follow as the next largest producers.
Connections
In Sector
Additional Source Wikipedia: Global Industry Classification StandardGICS: Agricultural Products
Sources
1. Wikipedia, Palm oil
Wikipedialead sectionQuote, lead section
Palm oil is an edible vegetable oil derived from the reddish mesocarp (pulp) of the fruit of the African oil palm.
Wikipedia: Global Industry Classification Standard
WikipediaIn Sector: Consumer Staples, GICS: Agricultural ProductsView the Source Reader Challenges (0)
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