Spain: The industry is once again interested in palm oil after years of demonization

Published 2022년 4월 29일

Tridge summary

Due to the lack of sunflower oil imports from Ukraine, caused by the Russian invasion, Spain's food industry is considering reincorporating palm oil, despite its health concerns and environmental impact, especially deforestation. Palm oil is preferred for its technological advantages, such as stability, lack of taste and smell, and low cost. However, concerns about sustainability persist, with all EU palm oil now being certified sustainable. The availability and price of palm oil may be affected by export restrictions in its producing countries, Indonesia and Malaysia, which could lead to a global vegetable oil market crisis.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Palm oil is one of the most consumed fats in the world, present in many processed products, from margarines to pizzas, chips, cookies, creams, chocolates and even ice cream, although in countries like Spain it is not sold bottled . However, it contains saturated fatty acids that are harmful to health, which, together with the deforestation problems it generates in the countries from which it comes, mainly in tropical Asia, has caused a movement against it that even led to the fact that in 2017 several supermarket chains asked manufacturers to remove it. Sunflower oil was one of the alternatives, but the Russian invasion has left Spain without the 500,000 tons of this fat that it imported from Ukraine (62% of total purchases). Faced with this situation, sauce, pastry and fried companies, among others, have become interested in palm oil again, the director of the National Association of Companies for the Promotion of Oilseeds and their Extraction (Afoex), Jorge of Saja. They look ...
Source: PEefeagro

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