Global Palm Oil Market to Exceed 100 Million Tonnes by 2015, According to New Report by Global Industry Analysts, Inc.
16/02/2010 (PRWEB), San Jose, California - Palm oil, a kind of edible vegetable oil, is derived from the pulp of the fruit of the oil palm tree. Over the past 20 years, the share of palm oil in the worldwide vegetable oil market has grown two-folds along with a strong increase in global palm oil trade. This indicates that even the palm oil consumption has increased significantly worldwide. A few factors for the rapid growth of oil palm include: palm oil production costs that are low in comparison to other crops of similar nature, and annual yields or oil produced from a hectare of palm oil plantation is more than that produced by other types of vegetable oils.
