In 2019, the total size of oil palm plantations in Indonesia was around 14.6 million hectares. This was expected to increase in the future to meet growing domestic consumption of palm oil, largely from biodiesel.
Where are the biggest palm oil plantations?
Indonesia is the largest producer of palm oil, followed by Malaysia – both countries account for 84% of the worlds palm production. There has recently been an increase in palm oil production in South America via Colombia, Ecuador and Guatemala.
Who owns palm oil plantations in Indonesia?
Asian Agri is one of the leading national private companies in Indonesia that produces crude palm oil through plantations that are managed sustainably.
How much of Indonesia is deforested for palm oil?
Using satellite imagery, sustainability risk analysis organization Chain Reaction Research (CRR) found that 58% of the 38,000 hectares (93,900 acres) of deforestation for oil palm plantations in Indonesia, Malaysia and Papua New Guinea occurred in the concessions of 10 companies in Indonesia.
Why should we not use palm oil?
Palm oil is bad for health. It is very high in saturated fat causing heart disease, liver dysfunction, obesity and type 2 diabetes. Also, burning rainforest not only causes greenhouse gas emissions but fills the air with dense smoke, causing respiratory problems.
Is palm oil cancerous?
It may be safe to say that you use or eat palm oil products daily. However, this product has been linked to cancer risk. According to the European Food Safety Authority (EFSA), palm oil can cause cancer when processed at high temperatures.
How much land does palm oil use in Indonesia?
Indonesia has about 14 million hectares of land planted with oil palm.
How much is the palm oil industry worth in Indonesia?
In 2020, the value of Indonesia’s total palm oil exports amounted to around 18.45 million U.S. dollars. Indonesia is the world’s largest producer and exporter of palm oil, followed by Malaysia.
Is palm oil profitable?
Palm oil is one of the most profitable land uses in the tropics. For the main producing countries, palm oil significantly contributes to economic growth and the alleviation of rural poverty, as well as providing significant benefits to importing countries.
Is palm oil business profitable?
Oil palms are now a highly-profitable cash crop grown throughout the humid tropical lowlands in 43 countries, with 18.1million hectares in cultivation. Indonesia (7.1m ha) and Malaysia (4.6m ha) account for 85 per cent of global production, and the number of their plantations is steadily increasing.