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.

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