Across swathes of Southeast Asia, maturing palm oil trees, some as tall as a 12-story building, are turning into a multi-billion dollar headache for local farmers, regional governments and consumers everywhere. As oil palms approach their commercial lifespan of a quarter-century, they provide less of the versatile edible oil, used in everything from ice cream to cosmetics and fuel. Some plants become too ungainly
China wants to increase its supply of edible oils, but as producing palm oil would be hugely expensive, developing production overseas may be the alternative.
Brent for December settlement slid 0.5% to $84.63 on the ICE Futures Europe exchange after rising 0.9% in the previous session to close at the highest level since October 2018.
India s patchy monsoon is turning out to be good news for palm traders abroad theprint.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theprint.in Daily Mail and Mail on Sunday newspapers.
WTO to Set Up Panel to Resolve Malaysia-EU Palm Oil Spat: NST bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.