World: The presence of palm oil actually benefits poor countries

Vegetable oil is a nutritional source of food and a source of oil/fat recommended by FAO for consumption by the world community. ADVERTISEMENT There are four vegetable oils consumed globally, namely palm oil, soybean oil, rapeseed oil and sunflower oil. Among the four vegetable oils, the price of palm oil is relatively cheaper (competitive) than the prices of other vegetable oils. Also Read: Collaboration with the RSPO, Kemenkop-UKM Strengthens Palm Oil Based on Farmers' Cooperatives "The availability of palm oil-based food products at relatively low prices can increase the purchasing power and affordability of the poor," PASPI noted. PASPI also notes that this condition is beneficial for low-income countries which are also importing countries for palm oil, such as India, Pakistan, Bangladesh, and countries in the African Region. Studies by Mehta (2020) and Janmohammed (2020) in the PASPI report reveal that lower-middle-income people in India, Pakistan and Bangladesh consume more ...