Why palm oil is so cheap - Business Insider

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Its usage has become controversial as huge areas of rainforest have been cut down or burned to make way for palm plantations.

Palm oil is in everything. From chocolate to bread; instant noodles to shampoo. And without even really thinking about it, globally, we consume, on average, 8 kilos of palm oil each year. Dan Strechay, RSPO : "It's extremely cheap. It's shelf-stable, it has natural preservative qualities. It is a really good vegetable oil, but the fact is, it has been grown in a way that's caused a lot of environmental damage and has also impacted communities in the workers that have been employed to harvest the material."Seeing the devastation caused, your first instinct might be to cut out palm oil completely.

So, are we doing enough? The Roundtable now certifies about 19% of palm oil worldwide, but getting to this point has been a long, slow process, and we're running out of time. It looks like palm oil is going to remain cheap for a while longer, but the cost to the planet could be devastating. But it's not just palm oil that's the problem.

mariawilliamson global disaster

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why Federal Funds futures are a key barometer for financial markets - Business InsiderIn a shifting economic market, traders follow the Federal Funds futures as a key barometer to keep up with financial markets.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Why there are so many data breaches, like Capital One hack, in 2019 - Business InsiderA professional hacker reveals why so many companies are falling victim to data breaches, and the one thing every company should do to avoid getting hacked
Source: BusinessInsider - 🏆 729. / 51 Read more »

An expert explains why spending more on cybersecurity isn't the best way to protect your businessIt's crucial for companies to protect against cyberattacks, especially as e-commerce ramps up for the holidays.
Source: BusinessInsider - 🏆 729. / 51 Read more »

7 Marvel Cinematic Universe movies aren't available to stream on Disney Plus. Here's why. - Business InsiderRights issues prevent some Marvel Cinematic Universe movies from streaming on Disney Plus. Some never will unless a deal is reached. And Cocoon. WTF.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Fitness Is Important To Our Health, But It’s Critical For Your Business. This Founder Explains WhyStarting SPINCO just five years ago at the age of 22 years old, Michelle August cultivated a dedicated following and has grown the business with over 400,000 riders across Canada.
Source: ForbesWomen - 🏆 477. / 51 Read more »