Palm oil industry in Africa
The oil palm plant originated in West Africa and grows extensively in this region; as the natural home of oil palm, Africa is firmly in the sights of the world’s leading agribusiness companies.
Palm in Africa
Palm oil is versatile, with uses not just in food but also in soaps and detergents and, increasingly, biodiesel. “Anything you can make from petrochemicals, you can also make from palm oil,” Dorab Mistry, a director of Godrej International, said in an interview with Bloomberg Television. And, he added, there aren’t a lot of big costs involved with making it. “There are very few commodities in the world which are as profitable to produce as palm oil.”
Africa is the next frontier for world palm oil industry, a food ingredient that environmentalists blame for destruction of rain forests in Southeast Asia. Indonesia is the world’s biggest producer of palm oil but the government there is trying to reduce deforestation by banning development of new plantations on primary rain forest. With the world’s appetite for palm oil increasing, plantation developers are targeting territory in sub-Saharan Africa. Palm oil industry in Africa is going to brighten world’s eyes.
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