JOURNAL MONITOR VOL.2 NO.4 : CONTRIBUTION OF PALM OIL INDUSTRY: FEEDING THE WORLD
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The dominance of palm oil in global market is more visible. In vegetable oils consumption structure in 2020, it’s share reached 41 percent or larger than other vegetable oils such as soybean oil (33 percent), rapeseed oil (16 percent) and sunflower seed oil (10 percent).
Global consumer preferences shows more like palm oil and the advantage of high productivy so high and stable supply, makes palm oil oil take a greater responsibility by not only fulfill the food needs of the tropic areas (feeding the tropical region) but also being able to fulfill the food needs of the world community (feeding the world).
Regarding its contribution in feeding the world, the benefits enjoyed by each palm oil consumers/importers country differ from each country/region. But in general, palm oil industry has contributed to the achievement of SDG-2 by feeding the high nutrional and affordable food products, as well as strengthening food security. This industry also shares other benefits such as reducing the burden on a country in providing vegetable oil, saving agricultural subsidies, and saving land use.