An African Setback for the Palm Oil Industry

A laborer removes weeds from young plants at a palm oil nursery near the town of Bako, Ethiopia Photograph by Jose Cendon/Bloomberg

Africa is the next frontier for the world’s producers of palm oil, a food ingredient that environmentalists blame for destruction of rain forests in Southeast Asia. Indonesia is the world’s biggest producer of palm oil but the government there is trying to reduce deforestation by banning development of new plantations on primary rain forest. With the world’s appetite for palm oil increasing, plantation developers are targeting territory in sub-Saharan Africa.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.