The Indonesian palm oil industry turns out to be a pillar of global food security

Published Jul 9, 2024

Tridge summary

The article provides an overview of the global trade and usage of palm oil, highlighting it as a crucial ingredient in various food products that is widely consumed. With a trade network involving 10 producing countries, 39 exporting countries, and 220 importing or consumer countries, palm oil has become a significant component of the global food industry. Approximately 70-90% of the traded palm oil is used for food purposes, finding its way into a diverse range of products. Additionally, palm oil by-products such as Palm Kernel Meal are essential for the animal feed industry, with Indonesia and Malaysia being major exporters. This makes palm oil a key contributor to global food security.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Palm oil is a vegetable oil that is currently widely traded internationally. The global trade in palm oil as Crude Palm Oil (CPO) and Crude Palm Kernel Oil (CPKO) involves almost all countries in the world, both as producers and consumers. ADVERTISEMENT Quoted from the Gapki.id page, Tuesday (9/7/2024), there are around 10 producing countries with 39 exporting countries and 220 importing or consumer countries. The world palm oil trade includes palm oil in the form of intermediate products and finished products. Also Read: Palm Oil Industry Fluctuations Will Affect 2024 Tax Revenue Around 70 – 90% of palm oil traded on the world market is used for food. In fact, since the 18th century, palm oil has been used as a food source for African people. Even today, various palm oil-based food products such as ice cream, cooking oil, margarine, chocolate, creamer, biscuits, specialty fats, and so on are available and distributed so that they can be consumed by people around the world. ...

Source: Wartaekonomi