Why is promoting the growth and use of sustainable oil palm important?
According to the RSPO, global vegetable oil production totals 95 million tonnes per year, of which over 28 million tonnes are produced by the oil palm, the world’s second largest oil crop after soy oil. It is widely recognised that palm oil is an important and versatile raw material for both food and non-food industries, which contributes to the economic development of the producing countries and to the diets of millions of people around the world. With palm oil having the highest yield per hectare than any other oil or oilseed crop, it is accepted that there are environmental pressures on its expansion to eco-sensitive areas, particularly as palm oil can only be cultivated in tropical areas of Asia, Africa and South America. Therefore, it is vital that production and use of palm oil is done in a sustainable manner based on economic, social and environmental viability. From the 1990s to the present time, the area under palm oil cultivation has increased by about 43%, most of which is i
Related Questions
- When IFC invests in palm oil production, how does it ensure that the client conducts its palm oil production operations in a sustainable way?
- Is it possible to stop buying products containing palm oil, or buy only sustainable palm oil?
- Why is using Certified Sustainable Palm Oil a more effective and responsible choice?
