Palm oil is one of the world's most produced and consumed oils. This cheap, production-efficient and highly stable oil is used in a wide variety of food, cosmetic and hygiene products, and can be used as source for bio-fuel or biodiesel. Most palm oil is produced in Asia, Africa and South America because the trees require warm temperatures, sunshine and plenty of rain in order to maximize production. Palm oil production is important to the economy of Indonesia as the country is the world's biggest producer and consumer of the commodity, providing about half the world supply. Production of palm oil in Indonesia has, since 1964, recorded a phenomenal increase from 157, 000 tonnes to 33.5 million tonnes in 2014.Palm oil accounts for 11% of Indonesia's export earnings of $5.7bn. Maintaining its status as the world’s largest producer of palm oil, Indonesia has projected a figure of 40 million tonnes by 2020. The entire production of the oil is derived from Indonesia's...
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