(Bloomberg) -- The world is facing a growing shortage of its most versatile edible oil. The solution may lie with emerging producers half a world away from...
-- The world is facing a growing shortage of its most versatile edible oil . The solution may lie with emerging producers half a world away from Southeast Asia’s vast palm oil plantations .In Malaysia and Indonesia , which today account for the lion’s share of output, the aging trees carpeting much of the region are becoming less productive. Meanwhile, laborers are increasingly scarce and controls on land clearing have tightened, making it harder to replant.
The government has identified some 5 million hectares that are highly suitable for palm without the need for deforestation, Pérez said. An expansion of that size would put the country on a par with Malaysia in area. “The problem is not palm oil itself, it’s the business model,” Rosales said. “You can produce palm oil very well or you can produce palm oil with a lot of environmental and social impacts.”
Unlike the mammoth plantations in Indonesia and Malaysia which stretch as far as the eye can see, most of the country’s estates are small clusters of 500 hectares lying among a mosaic of banana, sugarcane and coffee fields. Countries in Latin America “will continue to improve their yields,” said Julian McGill, an agricultural economist and managing director of consultancy Glenauk Economics. “They’re really laser-like focused on that.
Bloomberg Malaysia Malaysia Guatemala Land Clearing Palm Oil Plantations Indonesia Indonesia And Malaysia Karen Rosales Edible Oil
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