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FILE PHOTO: A worker arranges palm oil fruit bunches on a truck at a factory in Tanjung Karang, Malaysia August 14, 2020. REUTERS/Lim Huey Teng

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Malaysia Keeps March Crude Palm Oil Export Duty at 8%

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Malaysia Keeps March Crude Palm Oil Export Duty at 8%

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Malaysia was able to stay at a constant March export tax for palm oil at exactly 8%. This raised the reference price, in which this document on the Malaysian Palm Oil Board site showed on Wednesday. As of right now the worlds second largest palm exporter was estimated at a reference price of $1261.07 for
March.

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James Fry of LMC International thinks that palm oils will run its course and soon soy will take palm oils popularity’s place because of the negative enviro,ent effects and expels general health.

palm oil-driven deforestation

palm oil globally is in decline

soy is the one most likely to take over

palm oil consumption goes to biofuels, up from 10%
Audrey b, Dennis N

https://news.mongabay.com/2022/02/have-we-reached-peak-palm-oil-commentary/

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-It’s an edible vegetable oil that comes from the fruit of oil palm trees
-Palm oil is in nearly everything, it’s in about 50% of the  products we find in supermarkets
-Palm oil has been and continues to be a major driver of deforestation of some of the world’s most biodiverse forests
-Palm oil can be produced more sustainably and there is a role for companies, governments, and consumers to play
-The RSPO represents the largest, independent, third-party standard for the more sustainable production of palm oil.

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The RSPO is the global standard for the sustainable production of palm oil. When palm oil is produced in adherence to RSPO standards, growers help to protect the environment and the local communities who depend on the crop for their livelihoods, so that palm oil can continue to play a key role in food security, economic development, and food supply chains. We should continue to use RSPO certified sustainable palm oil in products, as replacing it would result in more deforestation and natural habitat conversion. RSPO certified products that use palm oil from 'Segregated' or 'Identity Preserved' supply chains offer the greatest assurance of sustainable palm oil.

Along with other organisations, WWF plays an active role in influencing and shaping the RSPO standard to make sure it puts in place more safeguards for people and the planet. In November 2018, the RSPO standard was strengthened and it now represents an essential tool that can help companies achieve their commitments to palm oil that is free of deforestation, conversion of other natural habitats like peatlands, and the exploitation of people.

8. What is being done in the UK?

In 2012, the UK Government recognised that we were part of the palm oil problem and could also be part of the solution. They set a commitment for 100% of the palm oil used in the UK to be from sustainable sources that don't harm nature or people. In 2019, 70% of the total palm oil imports to the UK were sustainable. This is great progress but there is more to be done to get to 100%.

An area that represents a substantial gap in the uptake of certified sustainable palm the use of palm-derived ingredients in animal feed - for chickens, pigs and cows, for example. Much of this palm oil material is unlikely to be certified. This area requires much stronger transparency and ambition from the UK industry, and is going to be critical over the coming years if we are to truly tackle the UK's palm oil footprint.

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Palm oil is one of the most efficient and widely used vegetable oils that comes from the fruit of oil palm trees. We've broken down they key facts.

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The World's Addiction to Palm Oil Is Only Getting Worse- Isha Patel

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The World's Addiction to Palm Oil Is Only Getting Worse- Isha Patel

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- “Palm oil contributes to global warming as forests are cleared to make way for oil palm plantations,” says Matt Piotrowski
-Palm oil is cheap and the most versatile crop produced by large-scale farming
- We each consume on average 8 kilograms of palm oil every year
-can appear in a list of ingredients under more than 200 names
- global production of palm oil has tripled since the start of the century

https://www.bloomberg.com/graphics/2021-palm-oil-deforestation-climate-change/

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-grown in Africa, Asia, North America and South America. There are more demands

-Found in bread, ice-cream, makeup and soap. It is trans fat free

-elephants, rhinos and tigers are slowly decreasing because of deforestation. Orangutans has killed serval 100 thousand in the past 16 years

-Hard to stop using it because it is used mostly all around the world. Look for sustainable palm oil to help stop it

-Palm Oil farms Releases a lot of carbon emissions into the air which contributes into climate change.
-Brian Lin

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Palm oil and some of the destroying story behind it.-Layne Belmonte

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Palm oil and some of the destroying story behind it.-Layne Belmonte

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Palm oil production has been responsible for about 8% of the worlds deforestation.

The major deforestation is causing many animals including Orangutans to become endangered.

When starting the Palm oil plantations they have to first burn down the existing forest which causes extreme air pollution.

Some people might think palm oil is the best oil produced since it is so cheap and in everything, but they are wrong palm oil is added in to our food’s drinks cleaning supplies and many more things which could give health problems if the person eats too much.

Palm oil has human’s harvesting which this type of labor is unsafe, with little pay, and on some occasions children labor is involved.

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Common items that contain that contain palm oil

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Common items that contain that contain palm oil

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While many items with palm oil benefit us and are found locally it isn’t the best it actually affects many ecosystems and the environment. Also it doesn’t help with the industry it comes from based of slave labor and unsafe working environments and it has put animals in danger like the orangutan.

Common items that contain that contain palm oil

Baby Formula

Nutella

Vegan cheese

Chips

detergent

Peanut butter

Soap

https://thenewpress.com/blog/15-palm-oil-products-you-probably-have-your-home

-Emelyn M

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Palm oil has played a big role in rainforests destruction

The Sumatran orangutan is close to extinction in Indonesia due to the destruction of these rainforests

These lands are now releasing globally significant quantities of carbon pollution into the atmosphere, making palm oil a major global driver of human induced climate change

Palm oil companies have broken laws due to forcefully removing indigenous people from their homes to take over land

Only half of Indonesia’s original forests remain, with an estimated 2 million acres lost every year .https://www.ecowatch.com/why-is-palm-oil-so-bad-1881907014.html

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Palm oil - Brianna Orshansky & Morgan Kmetz

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Palm oil - Brianna Orshansky & Morgan Kmetz

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- palm oil is extremely common in the us and benefits many people. its the most efficient crop used in food industries, beauty products and more
-palm oil contains more saturated fat then olive oil but less than coconut oil
-its used for preventing vitamin A deficiency, cancer, brain disease, aging, malaria, hight blood pressure, hight cholesterol and cyanide poisoning
-phnom oil is used for weight loss and increasing body’s metabolism
-Palm oil is the most widely consumed vegetable oil on the planet, found in many packaged products sold in the supermarket.
-phnom oil is rich in antioxidants
- phnom oil its in nearly 50% of the of the packaged products we get

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Pros and Cons of Palm Oil - Khushi and Deena 

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Pros and Cons of Palm Oil - Khushi and Deena 

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- Palm oil is found in 71% of food products, 24% consumer goods, and 5% of energy.

Pros:

- It yields 4-10 times more oil than any other oil. It makes an efficient and profitable use of land.

- Palm oil’s economic value gives people jobs, infrastructure, and tax revenues

- The palm oil industry earns 4.5 million people a living (in Indonesia and Malaysia)

- Palm oil plays a big role in reducing poverty

Cons:

- social impacts: palm oil is associated with corruption, land-grabbing, forced evictions. Palm oils also causes conflict with local communities and also involves force of labour and child labour involving the violations of worker rights.

- harm to forests: Palm oils covers about the size of Syria, about 60% of land has been covered by forest. Deforestation has been done in Indonesia and Malaysia which is destroying the habitat of creatures like orangutans, tigers, rhinos and elephants.

- climate impacts: palm oil replacing rainforests increases the carbon stored in the forest by 61%. Each rainforest converted releases 174 tons of carbon.

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On 18 December 1591, a seven-month sea voyage from Africa to England ended when a ship anchored at Limehouse docks in London. Along with 150 elephant tusks and 589 sacks of pepper, the ship carried 32 barrels of palm oil. It is thought to have been the first arrival into Europe of what would become perhaps the most controversial plant product that is not a drug.

To say that palm oil is divisive is an understatement. To its advocates, it is a cornerstone of economic development, making efficient use of land and supporting millions of smallholders through profitable international trade. To its detractors, it is a cause of deforestation and social conflict, a direct threat to endangered species and a contributor to climate change.

With demand for palm oil rising rapidly, there is growing concern about its sustainability and awareness that some palm oil is "good" and some is "bad".

What is palm oil?

The term covers various things we get from a species of tropical palm called Elaeis guineensis. "Crude palm oil" is squeezed from the palm's fleshy red fruit. "Palm kernel oil" is extracted by crushing the fruit's hard stone. Finally, many "palm oil derivatives" are acquired through industrial processes, which together accounts for about 60% of global palm oil use.

What is it used for?

Palm oil is in around half of all packaged products sold in supermarkets, everything from processed foods to cosmetics, soaps and detergents. It is also used as a cooking oil (predominantly in Asia and Africa), in industrial lubricants, in animal feeds and as a fuel - in 2018, half of the palm oil imported into the European Union was destined for biodiesel.

Where does palm oil come from?

The oil palm is native to West Africa, but it was in Southeast Asia that vast plantations first came to dominate landscapes. Today, about 86% of all palm oil comes from Indonesia and Malaysia. More than 40 other countries produce it, in far lower but fast-increasing quantities. The top producers in South America and Africa are Colombia and Nigeria.

Who are the biggest importers?

The top importers of palm oil are India (17.5% of the global total) and China (10.8%). Overall, Asia imports 53.5% of all internationally traded palm oil, while Europe takes 24.7% and Africa imports 14.1%. Other continents account for the remaining 7.7%.

Why get oil from palms?

Oil palm is something of a wonder crop. It yields 4-10 times more oil per hectare than other sources of vegetable oil such as soybeans or coconut palms. This makes it an efficient and profitable use of land. The economic value of palm oil translates into jobs, infrastructure and tax revenues. In Indonesia and Malaysia, some 4.5 million people earn a living from the palm oil industry. In Indonesia alone, another 25 million people depend indirectly on palm oil production for their livelihoods. This all means palm oil could play a big role in reducing poverty - if done right.

So why is palm oil so controversial?

Where to start? The palm oil rush of recent decades has come at considerable cost to forests and people who depend on them.

◾ Social impacts: Palm oil production has been associated with corruption, forced evictions and land-grabbing. It has sparked conflict with local communities, including indigenous peoples. There have also been serious concerns about forced labour, child labour and violations of worker rights on some plantations.

◾ Harm to forests and biodiversity: Oil palms now cover a combined area about the size of Syria, and an estimated 60% of this land was previously covered with forest. Much of this deforestation has been in Indonesia and Malaysia, destroying the habitat of rare creatures such as orangutans, tigers, rhinos and elephants.

◾ Climate impacts: According to a recent study, replacing rainforest with oil palm plantations releases 61% of the carbon stored in the forest, mostly into the atmosphere. Each hectare of rainforest converted releases 174 tons of carbon.

How big a problem is this?

The ubiquity of palm oil and the growing demand for it highlight the scale of the challenge. Between 2000 and 2015, the global average amount of palm oil consumed per person each year doubled to 7.7 kg. Demand for palm oil is set to triple from 2015 levels by 2050, with much of the growth coming from markets with low sustainability requirements.

Shouldn't we just ban palm oil?

No. That could have disastrous effects. It would affect the livelihoods of millions of people and would lead to even more land being used to produce alternative oils. Environmental organisations such as the International Union for Conservation of Nature say that, instead, we need to prevent further deforestation for new oil palm plantations and focus on promoting sustainable production.

But how can we tell the good from the bad?

It is not easy, for a couple of reasons. First, many products contain palm oil but their labelling does not make this clear; palm oil derivatives with names like sodium laureth sulfate or palmitic acid are listed in the ingredients. Second, it is not easy to trace the palm oil in products back to the land on which the fruit were harvested. This makes it hard to tell if palm oil comes from plantations that have deforested land or infringed local people's rights.

What about eco-labels?

Various schemes certify companies and/or supply chains as "sustainable" if they meet certain environmental and social criteria. These schemes use different standards and means of verifying performance, and some leave much to be desired. The strongest standard is that of the Roundtable on Sustainable Palm Oil (RSPO), which is also the main certifier. However, about one-fifth of globally traded palm oil is certified by the RPSO - and it isn't always labelled as such.

So, is certified palm oil really sustainable?

Some academics and nongovernmental organisations say certification standards and audits are too weak or, worse, that they greenwash the damage companies do. Others say that in the absence of stronger national laws and regulation, certification is the best tool for making palm oil production less harmful. All eyes will therefore be on the RSPO, which adopted a considerably stronger certification standard in November 2018 and is meeting again from 3-6 November 2019 in Bangkok.

This article is part of our ongoing series on palm oil. Explore the series to date here.

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Palm oil: The pros and cons of a controversial commodity

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On 18 December 1591, a seven-month sea voyage from Africa to England ended when a ship anchored at Limehouse docks in London. Along with 150 elephant tusks and 589 sacks of pepper, the ship carried 32 barrels of palm oil.

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Indonesia is clearing less forest for palm oil, but it’s still not sustainable.

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Indonesia is clearing less forest for palm oil, but it’s still not sustainable.

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Clearing of forests in Indonesia to make way for oil palm plantations has reduced in latest years, a new evaluation shows.

It observed that deforestation used to be related with 3.1 million hectares (7.7 million acres) of plantations hooked up due to the fact 2000.

This is out of a complete of 16.2 million hectares (40 million acres) planted as of 2019.

Auriga, the environmental NGO that carried out the analysis, says this offers the bulk of palm oil producers a case to make that their palm oil is deforestation-free and need to be labeled as sustainable.

However, a Greenpeace campaigner says being deforestation-free is solely one thing of sustainability, and provides many oil palm businesses remain a long way from socially sustainable.

Given the land conflicts in which they’re mired in opposition to nearby and Indigenous communities.

Link:https://news.mongabay.com/2022/01/indonesia-is-clearing-less-forest-for-palm-oil-but-its-still-not-sustainable/

By: Vishnu Vadakane

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Indonesia is clearing less forest for palm oil, but it's still not sustainable, activists say

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JAKARTA - Deforestation for new oil palm plantations in Indonesia has decreased over the past decade, strengthening the case that palm oil doesn't have to be associated with the destruction of forests, according to a new analysis. The findings from the environmental NGO Auriga came from comparing forest cover in 2000 with 2019 in areas [...]

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A Malaysian state produced 6% of all palm oil in 2020

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Malaysia is creating a sustainable palm oil industry

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Malaysia is creating a sustainable palm oil industry

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The Sabah state in Malaysia is working on adapting its new sustainable palm industry, trying to make all palm oil companies sustainable by 2025.

Even though the palm oil industry gave jobs to about 4.5 million people in Malaysia (and Indonesia), it also caused mass deforestation.

The Sabah government hopes that these new efforts will help protect the wilderness, end illegal labor, and improve agriculture practices.

Many poor people buy products with palm oil, however, these same people are being employed to help stop poverty in Sabah.

Palm originates from Africa, and was introduced to the British in the mid 1800’s. In 2015, this project was launched to make palm more sustainable and help out the environment hoping that other countries might also try the same thing.

By: Aryan Borade

Link: https://www.weforum.org/agenda/2022/02/borneo-islands-sabah-state-green-palm-oil-deforestation-sustainability/

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Makyle, Sidney, Victor -Palm oil Market is Predicted to top US$ 90.1 BN by the end of 2032- 

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Makyle, Sidney, Victor -Palm oil Market is Predicted to top US$ 90.1 BN by the end of 2032- 

# data[].attributes.body
-so the palm oil market is growing very fast it is now worth 90 billion palm oil is used for so much so.
-but because of covid it slowdown in market growth but now it’s back up.
- In Europe palm oil is set to market up to 11,125 KT by 2032.
- Palm oil is edible but it would be not the best taste.
- The food service segment apparently made the highest market at $26.1 Bn it shares more then 75% of the market value in 2022.

https://www.prnewswire.com/news-releases/palm-oil-market-is-predicted-to-top-us-90-1-bn-by-the-end-of-2032--301483434.html

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In the palm oil industry, packaging is extremely important, and manufacturers are attempting to influence consumers by providing innovative and appealing packaging. Furthermore, in the food and beverage industry, sustainable and environmentally friendly packaging is gaining wide acceptance. Reduced waste, freshness, and product quality are all aspects that encourage the adoption of sustainable packaging for palm oil. As a result, increased producers' efforts to offer palm oil in creative packaging are projected to boost market sales.
Request for sample copy of report: https://www.persistencemarketresearch.com/samples/32448 Key Takeaways from Market Study

The market for palm oil is expected to expand at CAGRs of 3.2% and 3.9%, respectively, in countries of Latin America and Middle East & Africa, through 2032.

Market value share of South Asia and East Asia is 39.7% and 19.3%, respectively, in 2022.

The European palm oil market is projected to reach 11,125 KT by the end of 2032.

Growing consumer preference for healthy and nutritious food products is driving sales of palm oil across global markets. Based on source, the leaf segment is expected to expand at a CAGR of 7.4%.

The foodservice segment accounted for the highest market valuation at US$ 26.1 Bn, followed by the retail/household segment. Together, these segments hold more than 75% of the market value share in 2022.

The COVID-19 outbreak led to the closure of hotels, restaurants, and cafeterias. This caused food manufacturers to pause their operations temporarily. Majority of palm oil applications are found in the food processing and foodservice sectors, which caused a slowdown in market growth.

Get customized report as per requirement: https://www.persistencemarketresearch.com/request-customization/32448 "Key players involved in the manufacturing of palm oil will be able to attain significant profits by targeting foodservice operators. Growth of foodservice chains will offer increased sales opportunities and open new avenues for palm oil suppliers," says a Persistence Market Research analyst. Competitive Landscape
Key companies manufacturing palm oil are majorly focusing on expanding their plantations to increase production and cater to growing demand from the foodservice and retail/household sectors.

In November 2019, Olam International's fourth palm plantation in Gabon received RSPO accreditation. At the RSPO Excellence Awards, the company was awarded for its significant dedication to building sustainable oil palm plantations. This certification helped the company establish the legitimacy of its claims about palm oil sustainability.

In October 2019, IOI Corp Bhd announced the expansion of its Penang oleochemical plant. The company invested US$ 54 Mn to expand its oleochemical production plant in Penang.

Get full access of report: Explore More Valuable Insights https://www.persistencemarketresearch.com/checkout/32448
Persistence Market Research, in its new report, offers an impartial analysis of the global palm oil market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
Related Reports:
The study offers compelling insights based on nature (organic and conventional), end use (food & beverages, foodservice, cosmetics & personal care, and retail/household), and distribution channel (business to business and business to consumer), across seven major regions of the world.

About Persistence Market Research:
Overview:
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Palm Oil Market is predicted to top US$ 90.1 Bn by the end of 2032

# data[].attributes.attachment_link.description
In the palm oil industry, packaging is extremely important, and manufacturers are attempting to influence consumers by providing innovative and appealing packaging. Furthermore, in the food and beverage industry, sustainable and environmentally friendly packaging is gaining wide acceptance. Reduced waste, freshness, and product quality are all aspects that encourage the adoption of sustainable packaging for palm oil.

# data[].attributes.headline
things to know about palm oil - jaslynn bennett

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things to know about palm oil - jaslynn bennett

# data[].attributes.body
- palm oil is an edible vegetable oil that comes from the fruit of oil palm trees, the scientific name is Elaeis guineensis
- it’s in close to 50% of the packaged products we find in supermarkets
- It’s also used in animal feed and as a biofuel in many parts of the world
- palm oil is so popular for its versatility. it has no smell or taste that’s why it can be used for so many things
- palm oil is a big contributor to deforestation too
- palm oil is also horrible for health and cholesterol

https://www.wwf.org.uk/updates/8-things-know-about-palm-oil

# data[].attributes.attachment_link.readable_text
The RSPO is the global standard for the sustainable production of palm oil. When palm oil is produced in adherence to RSPO standards, growers help to protect the environment and the local communities who depend on the crop for their livelihoods, so that palm oil can continue to play a key role in food security, economic development, and food supply chains. We should continue to use RSPO certified sustainable palm oil in products, as replacing it would result in more deforestation and natural habitat conversion. RSPO certified products that use palm oil from 'Segregated' or 'Identity Preserved' supply chains offer the greatest assurance of sustainable palm oil.

Along with other organisations, WWF plays an active role in influencing and shaping the RSPO standard to make sure it puts in place more safeguards for people and the planet. In November 2018, the RSPO standard was strengthened and it now represents an essential tool that can help companies achieve their commitments to palm oil that is free of deforestation, conversion of other natural habitats like peatlands, and the exploitation of people.

8. What is being done in the UK?

In 2012, the UK Government recognised that we were part of the palm oil problem and could also be part of the solution. They set a commitment for 100% of the palm oil used in the UK to be from sustainable sources that don't harm nature or people. In 2019, 70% of the total palm oil imports to the UK were sustainable. This is great progress but there is more to be done to get to 100%.

An area that represents a substantial gap in the uptake of certified sustainable palm the use of palm-derived ingredients in animal feed - for chickens, pigs and cows, for example. Much of this palm oil material is unlikely to be certified. This area requires much stronger transparency and ambition from the UK industry, and is going to be critical over the coming years if we are to truly tackle the UK's palm oil footprint.

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Palm oil is one of the most efficient and widely used vegetable oils that comes from the fruit of oil palm trees. We've broken down they key facts.

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Indonesia is trying to clear less forests for palm oil- Emerson Gottschalk 

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Indonesia is trying to clear less forests for palm oil- Emerson Gottschalk 

# data[].attributes.body
- Less forests have been getting cut down to make palm oil plantations in Indonesia
-Found that about 7 million acres have been destroyed in deforestation to create plantations.
-Since the decline of deforestation prices for palm oil went down and this slowed the growth of plantations
-Indonesia is the biggest producer of palm oil causing more deforestation and destruction of the land causing consumers to boycott all palm oil products
https://news.mongabay.com/2022/01/indonesia-is-clearing-less-forest-for-palm-oil-but-its-still-not-sustainable/

# data[].attributes.attachment_link.title
Indonesia is clearing less forest for palm oil, but it's still not sustainable, activists say

# data[].attributes.attachment_link.description
JAKARTA - Deforestation for new oil palm plantations in Indonesia has decreased over the past decade, strengthening the case that palm oil doesn't have to be associated with the destruction of forests, according to a new analysis. The findings from the environmental NGO Auriga came from comparing forest cover in 2000 with 2019 in areas [...]

# data[].attributes.body
- palm oil is edible vegetable oil
- palm oil in in 50% of all packaged products found in super markets
- palm oil is also used to fry foods
- the produce of palm oil leads to de forestation
- palm oil is more productive then any other oils
- in the uk they only use palm oil from sustainable resources only so it doesn’t harm any life.

https://www.wwf.org.uk/updates/8-things-know-about-palm-oil

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-Grown only in the tropics, the oil palm tree produces high-quality oil used primarily for cooking in developing countries. It is also used in food products, detergents, cosmetics and, to a small extent, biofuel. Palm oil is a small ingredient in the U.S. diet, but more than half of all packaged products Americans consume contain palm oil—it’s found in lipstick, soaps, detergents and even ice cream.

-Palm oil is a very productive crop. It offers a far greater yield at a lower cost of production than other vegetable oils. Global production of and demand for palm oil is increasing rapidly. Plantations are spreading across Asia, Africa and Latin America. But such expansion comes at the expense of tropical forests—which form critical habitats for many endangered species and a lifeline for some human communities.

-WWF envisions a global marketplace based on socially acceptable and environment-friendly production and sourcing of palm oil. We aim to encourage increased demand for, and use of, goods produced using such practices.
https://www.worldwildlife.org/industries/palm-oil

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Palm oil is the most destructive ingredient you use everyday- Brielle Zarsky and Arianna Avila

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Palm oil is the most destructive ingredient you use everyday- Brielle Zarsky and Arianna Avila

# data[].attributes.body
- palm oil is makes ice cream and milk creamier. And it holds the color in your lipstick…it has 100 of other uses
- the world uses more than 70 million metric tons of it every year
- palm oil plantations are driving deforestation and biodiversity loss in many countries
- when palm oil is added to something like shampoo, it helps wet hair get clean.. it also pulls away grease
- “people love foam because it feels like it works” says the Vice President of sales and marketing for locus performance ingredients
- a factory in Ohio is running on renewable energy and trying to make a palm free ingredient for products like shampoo and body wash using fermentation
Link: https://www.fastcompany.com/90716324/palm-oil-is-one-of-the-most-destructive-ingredients-you-use-every-day-these-startups-are-trying-to-replace-it

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Palm oil is one of the most destructive ingredients you use every day. These startups are trying to replace it

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From shampoo to ice cream to oat milk, palm oil is in everything. And demand for it is driving deforestation and climate change. Now many companies are finding ways to use yeast to create plantation-free alternatives.