Environmentalists have raised red flags about cultivating palm oil. Malaysia and Indonesia are addressing these concerns, but they risk damaging a major economic sector in doing so.

“We shall establish five processing mills to enhance value addition; create 20,000 direct jobs in the oil palm sector; increase oil palm production by 50 per cent in the next three years and ...

The Edo State Government and Sunora Foods have entered into a partnership for palm oil production, which will lead to $100m in investment and the creation of 25,000 jobs in the state.

Patanjali Foods partners with Tripura government to enhance palm oil production, creating jobs and improving farmers' livelihoods under the National Mission on Edible Oils.

The global palm oil market is projected to grow from USD 61.19 billion in 2024 to USD 88.84 billion by 2033, with a CAGR of 4.23% from 2025 to 2033. This growth is driven by the oil's versatility ...

Oil production averaged 12.9 million barrels a day in 2023, compared to 12.3 million in 2019. ... Many of the oil and gas jobs lost never came back.

ALAMEDA, Calif.--(BUSINESS WIRE)--Checkerspot announced that it has successfully developed the world’s first high-oleic palm oil alternative produced entirely through the fermentation of ...

According to the Department of Agriculture’s Philippine Palm Oil Industry Roadmap 2024-2033, production is on the rise. The area planted with palm oil has grown from around 53,000 hectares in ...

Cultivation of palm for the purpose of oil extraction has been rapidly expanding since the 60s. In 1961, 3.6m hectares of land was used globally for production of palm oil, in only 46 years that ...

India's palm oil production is likely to jump to 1.2 to 1.5 million metric tons by 2030-31 from the current 400,000 tons, as farmers have been expanding the area, ...

Ghana is set to bring back the glory of Oil Palm as Oro Oil Ghana has sealed a 10-year partnership deal with some Nigerian Investors to explore production potential and market expansion, aiming to ...

Palm oil swung between gains and losses as investors weighed a jump in exports from top growers and higher production in a Malaysian region. Shipments from the world’s largest grower Indonesia ...