Question 1: What is palm oil, and what makes it so important? Answer: Palm oil (derived from the oil palm species Elaeis guineensis) is the most widely traded and consumed vegetable oil in the world.

The oil palm tree is native to one of the largest contiguous blocks of lowland rainforest in West Africa, and provides food and habitat for many animals, including threatened species. Grown in ...

Palm oil production growth plummets to 1% from 7% Indonesia boosts biodiesel consumption, curbs exports Palm oil prices surge past soyoil amid tight supplies Biofuel demand to drive up vegoil prices ...