Small amounts of palm oil are grown in many countries, but the global market is dominated by only two: Indonesia and Malaysia. In 2018, the world produced 72 million tonnes of oil palm. Indonesia accounted for 57% of this (41 million tonnes), and Malaysia produced 27% (20 million tonnes).
What percentage of the world’s oil palm trees are grown in Malaysia?
Large-scale forest conversion
Many vast monocrop oil palm plantations have displaced tropical forests across Asia, Latin America and West Africa. Around 90% of the world’s oil palm trees are grown on a few islands in Malaysia and Indonesia – islands with the most biodiverse tropical forests found on Earth.
How much does palm oil contribute to Malaysian economy?
In 2019, the gross domestic product (GDP) contribution from palm oil in Malaysia was estimated to be at 2.7 percent of its GDP. Palm oil is one of Malaysia’s primary industries, and its main agricultural export globally.
Where did Malaysia get palm oil?
The Malaysian palms were grown from seedlings from Amsterdam. The Nigerian Institute for Oil Palm Research, NIFOR, has debunked insinuations that Malaysia obtained its first palm fruits/seedlings from Nigeria.
Is palm oil cancerous?
It may be safe to say that you use or eat palm oil products daily. However, this product has been linked to cancer risk. According to the European Food Safety Authority (EFSA), palm oil can cause cancer when processed at high temperatures.
Does Malaysia export palm oil?
ONE OF THE WORLD’S LARGEST PALM OIL EXPORTER
In 2020, Malaysia accounted for 25.8% and 34.3% of world’s palm oil production and exports, respectively.
How much does palm oil contribute to GDP?
The research finds that $39 billion of GDP benefits are attributable to palm oil imports, representing 2.9 million jobs around the world.