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Palm oil production and prices soar on back of biodiesel

The price of palm oil, which has gained favour over the last few years as a cheap biodiesel feedstock, is soaring. Another relatively new use of palm oil is as a trans-fat substitute for use in processed food. But the oil palm, grown mainly in Malaysia and Indonesia, is not well liked - it has been blamed for rainforest destruction, the death of orang-utans, air pollution and exploitation of workers. Europe in particular is fueling the growth in biodiesel production which in turn is encouraging the growth of more oil palm plantations. ... Read more →

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