Palm oil is unavoidable. Can it be sustainable?
Benin Palm oil is an ancient staple in West Africa, and its origins are artisanal rather than industrial. In Benin most palm oil is still produced by women for use. The fruit is boiled
With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries.
World Bank Group Adopts new Approach
Washington DC, April 3 2011 The World Bank Group today announced the adoption of a World Bank Group Framework and IFC Strategy to guide future engagement in the global palm oil sector. The new framework and strategy were developed following extensive consultations with a wide range of stakeholders including environmental and social NGOs
The World Bank Group should aim to achieve and measure poverty reduction, not palm oil investments. In March 2011, the World Bank Group (WBG)’s President Robert Zoellick is expected to decide whether to lift a global moratorium on WBG palm oil investment.
Palm oil and deforestation foodsustainability.eiu
As of 2014, Nigeria was the world’s fifth-largest producer of palm oil, with 930,000 metric tonnes. 10 In the same year the area of palm oil harvested in Africa reached roughly 4m ha, greater than the total for Malaysia and nearly half that of Indonesia. 11. The environmental implications of this are clear.
WORLD PALM OIL SUPPLY, DEMAND, PRICE AND PROSPECTS: indicates that the oil palm industry started to face land constraint in the country presently and it Oil palm has to compete with other crops for the balance of agricultural land in the country. The oil palm areas in Malaysia were owned by four different categories of ownership, namely
Average prices for palm oil worldwide from 2025 to
This statistic depicts the average annual prices for palm oil from 2025 through 2025*. In 2018, the average price for palm oil stood at 639 nominal U.S. dollars per metric ton.
The global production of palm oil is expected to grow to around 75.7 million metric tons in the marketing year 2019/2020, up from approximately 70.5 million metric tons in 2017/2018.
Britain could seal Asian trade deal by adopting a fresh
Tomorrow, Dominic Raab, the foreign minister of the UK, will make an official visit to Malaysia in an attempt to strike a historic trade deal in the Asean region, one of the world’s fastest
Apart from establishing a strong lobbying presence in the European Union, 1 the palm oil industry has fostered partnerships with policy and research institutes providing policy recommendations against regulation. 36 For example, the industry-backed World Growth Institute criticised the World Bank's framework for palm-oil engagement which
- How can the World Bank engage the palm oil sector?
- With these conditions, the palm oil sector can play an important role to economic development and poverty reduction. By engaging it, the World Bank can make a positive contribution. The World Bank Group has adopted the World Bank Group Framework and IFC Strategy to guide future engagement in the global palm oil sector.
- How much money did the World Bank invest in palm oil?
- In 1965, the World Bank injected nearly US$2bn into over 45 projects in Southeast Asia, Africa, and parts of Latin America to support the growth of the palm oil industry. Indonesia received US$618.8 million, which was the highest funding.
- Which West African countries produce palm oil?
- Cameroon: Cameroon is another West African country that has been producing palm oil for decades. It is the 12th-largest producer in the world, with an output of 465,000 metric tons. Ghana: Ghana's palm oil industry is still relatively small, with a production of 300,000 metric tons.
- How can the African palm oil sector improve the lives of people?
- The African palm oil sector may prosper and improve the lives of people and the environment at the same time by adopting sustainable methods and tackling these issues. Palm oil is a versatile and widely-used ingredient in many products we use daily, due to its high melting point and relatively low cost.
- Which country produces the most palm oil in the world?
- In the early 1960s, Nigeria was the world's largest palm oil producer with global market share of 43%. Today, it is the 5th largest producer with less than 2% of total global market production of 74.08 million MT. In 1966, Malaysia and Indonesia surpassed Nigeria as the world's largest palm oil producers.
- What is the palm oil industry like in Nigeria?
- The Nigerian palm oil industry is very fragmented and dominated by numerous small-scale farm holders, which account for over 80% of local production, while established plantations account for less than 20% of the total market.
