Palm oil in the World

Date:2014-10-22/ Industry news/ Chat Online
At present, there are about 20countries produce palm oil in the world. Malaysia and Indonesia is two largest palm oil producing countries in the world. The most consumption of palm oil is in Asia, also the EU has increased the palm oil imports. The major consumers of palm oil are China, India, the European Union and so on. And its consumption accounts for more than 60% of the total world palm oil output.

From 1988, palm oil production achieved a leap in growth around the world with the rapid promotion of Southeast Asian palm oil production. Till 2006, global palm oil production has exceeded 35,000,000 tons, equivalent to 7 times the 50's yield. The expansion of consumption of palm oil and extensive use in the industry, promote the rapid promotion of palm oil production. Compare with other oil, the palm oil has low prices. In the world and part of region, the development of economy created a palm oil consumption peak, promoting the vigorous development of Southeast Asia palm planting industry. Since 1995, the world palm oil production is growing up sharply. According to the current rate of growth,  it is expected to exceed the yield of soybean oil


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