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Why Palm Oil Is So Cheap

Business Insider
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Palm oil is cheap and ubiquitous. It’s used in thousands of everyday products and is the most widely consumed vegetable oil on the planet. You can get a kilo of palm oil for just $2. But its usage has become unsurprisingly controversial, as huge areas of rainforest have been cut down or burned to make way for palm plantations. So, why is this oil still so cheaply and readily available?
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Why Palm Oil Is So Cheap

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16 Nov 2019

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KOMMENTARE 1 394
Alex Gonzales
Alex Gonzales Vor Minute
This 🌴 oil must be stopped banned from us its killing the Amazon 🌎 warming is real
Eric Thomas
Eric Thomas Vor 39 Minuten
Yeah it's called business ethics. One of the main things in business. But in a way, it's also one of the hardest things to start and maintain for years. lol But it must be done.
yie _TW
yie _TW Vor 8 Stunden
The typical behaviour of USA... 😂😂😂 Inject or brainwasher to the world for negative thinking about palm oil.. 😂😂😂😂 Shame on you...USA.. Talk to the moon...🤣🤣
CallyMac
CallyMac Vor 16 Stunden
There are so many misguided comments in this section, let me clear up the most significant issue: *wildlife conservation* According to the IUCN, as it stands today 193 already threatened species are facing further threat from the barren, fielded floors and often heavily guarded spaces of plantations. Some of these species include the sumatran Orangutan, the Bornean Orangutan, the Bornean Pygmy Elephant, the Sumatran Elephant, the Sumatran Tiger and the Sumatran Rhino. This obviously has a negative impact on these species. On the other hand, in western areas of world where agriculture is not growing and is already established, the damage has already been done. The population and range of the north american bison has decreased by much over 60% due to the early American pioneers, and in the UK, the range of the Scottish wildcat has decreased from most of Scotland to a few forested areas of the highlands. Other human caused threats such as domestic hybridization and hunting also affect them. A wise man once said "those who cannot remember the past are condemned to repeat it" this the main reason for palm oil as well as cattle farms should be restricted to 0% deforestation is because history harbors the scars of what terrible lessons it has learnt, though annoyingly these low income countries do not have such resources to meet these restrictions, others choosing not to care.
Minlun minlun kuki Haokip
Palm oil is bad for the heart . Facts !
Shawn Shawn
Shawn Shawn Vor Tag
whatever you plant on that land, you need to cut all the originate plants on there.. why planting corn, sunflower, olive, bla bla bla... even feeding the cow which is produce the most CO2... not consider as "deforestation" ???
Ingat Akherat
Ingat Akherat Vor 2 Tage
I think the issue is not why the palm oil is very cheap?....but why the corn oil is very expensive??....you know what?...this video is all about business competition, USA which producing corn oil can't compete at cooking oil market against Indonesia and Malaysia which producing palm oil...
Brabus 76
Brabus 76 Vor 2 Tage
Its not a good vegetable oil In fact it worse than other oils!!
Kristianto Anugrahing
Back in Indonesia in 90s, there was a massive illegal logging which cut down the rainforest, taking all the trees and sold ( most of them to Europe ) as premium product. Then forest remain 'bald' no trees, no replanting, no fields. And we try palm oil, into that bald forest. Now we plant every single bald forest, back into rain forest, successing CPO as comodity, renewable power source and opening job vacancies & opportunities Deforestation cause palm oil, but how bout deforetation caused by canola oil, sun flower.
Jorge Briceno
Jorge Briceno Vor 2 Tage
ALL THESE IDIOTS TALKING ABOUT WESTERNERS WANTING PALM OIL OR DEMONIZING PALM OIL.. PLEASE DO SOME RESEARCH. YOUR NATURAL RESOURCES ARE NOT WORTH THE SHORT TERM GAIN OF MONEY. TAKE CENTRAL AND SOUTH AMERICA FOR EXAMPLE WHEN AMERICA INVADED FOR BANANAS, COFFEE AND OTHER FOODS. IT WAS NOT TO SPREAD DEMOCRACY ITS NEOCOLONIALISM. WE DO NO WANT TO BUY YOUR PALM OIL THAT CONTINUES TO DESTROY THE FOREST AT AN UNSUSTAINABLE RATE. IM PRETTY SURE YOUR THIRD WOULD COUNTRY DOESNT HAVE STRICT ENVIRONMENTAL LAWS WHEN LOGGING YOUR LAND
R R
R R Vor 2 Tage
Bias
Labyu Selp
Labyu Selp Vor 3 Tage
Planting palm trees is better than deforestation and logging. Farming palm trees is actually planting a lot of trees. While deforestation and logging is nothing other than destroying earth
Mr N Brown
Mr N Brown Vor 3 Tage
Earth getting smaller for the human...
Yavor Hadgiev
Yavor Hadgiev Vor 3 Tage
One of the reasons palm oil is cheap is because workers at plantations are exploited.
Michal
Michal Vor 4 Tage
hmm its not too healthy
Lauren
Lauren Vor 4 Tage
2:14 that pic made me cry
Jay Dunluan
Jay Dunluan Vor 4 Tage
Should have been titled "Why palm oil is cheap I so cheap"
Vladpryde
Vladpryde Vor 4 Tage
Of course they haven't met the target. It takes a LOT of money, not to mention time invested, to find alternative means to deforestation that also doesn't impact their sales numbers and job markets at the same time. The people working on these plantations are barely above starvation, and are deep in poverty. They drive tractors and trucks on these plantations that have busted tires, no safety measures, and are 50 or 60 years old. There's no money to meet any kind of elitist, rich-people cares about deforestation or the climate, and I think that it is incredibly arrogant for the rich politicians to demand anything to be done about it.
Martin Grey
Martin Grey Vor 5 Tage
Like most vegetable oils it is bad for your health.
Ali Cetin
Ali Cetin Vor 5 Tage
Nutella !!!!
FAST
FAST Vor 5 Tage
Anyone else notice Pirate in the video? 6:57
all i want to say is:
a key low of oil
HFDLI
HFDLI Vor 5 Tage
In 2020 indonesian goverment will start using palm oil as diesel fuel, saving million of dollar from importing foreign oil.
Jaz Florida
Jaz Florida Vor 5 Tage
Where are the locals?? Why are you meddling in this tiny little island nation? This is peanuts compared to other issues, especially when the local people just don’t care. The local government don’t care, and this is no different than what has happened in all island nations that at one time were mass producers of agricultural products. Pineapple Hawaii, sugarcane Cuba and Caribbean islands, etc. Etc.
Carmen !?
Carmen !? Vor 6 Tage
Palm oil is also carcinogenic because 70% of the product are saturated fats. The best oil would be the olive oil, which is the most expensive one.
Prakasshena Afan
Prakasshena Afan Vor 6 Tage
Palm oil is efficient, searching alternative required 10x landmass to replace it. That why it so cheap. Palm oil still pale in comparison with cattle industry on deforestation. -BI Well its not like Westerner paid for oxygen produced in rainforest. They just outsiders, no need to pay them any attention. These double standard asshole actually start protesting on whatever inconvenient for them.
INDOFIZ
INDOFIZ Vor 6 Tage
You don't know nothing JON SNOW
Deea Banu
Deea Banu Vor 7 Tage
in my country sunflower oil is muchhhh cheaper,it s like 2 dollars a gallon.
Kerusi Biru
Kerusi Biru Vor 7 Tage
because they no have
JB Smoov
JB Smoov Vor 7 Tage
Asians selling cheap product that’s made by a tree.... damn Asians learn to raise your prices bros
Ricoh Vegas
Ricoh Vegas Vor 7 Tage
6:36 - What the hell is this nutjob saying?? A business will only provide what consumers want. It's irresponsible and lazy to shift the onus on the businesses and suppliers. If consumers want deforestation-free palm oil, then they'll get it, and there will be a market. It all starts with awareness!
Yuris Abrori
Yuris Abrori Vor 7 Tage
Hypocrites: wait, palm oil is illegal because it destroy rainforest Illegal logger: buy this cheap hardwood from rainforest
Ze Tuan Lim
Ze Tuan Lim Vor 7 Tage
Too many variables in this palm oil issue. Greedy bosses, exploited farm workers. When u look deep into it, nobody wins except for the bosses. When greedy bosses face regulation and compliance costs, they react by exploiting workers to the max. Eg lower wages. All these environmental people will cause the lower end workers to suffer cut pay. Then those workers have to clear more forests to make ends meet. It is a vicious cycle. It is an asian thing. U either know it, or u don't. Greedy bosses do not acknowledge compassion and humanity. It is money money money. They will squeeze every drop of blood from their underprivileged poor workers.
biolf1
biolf1 Vor 7 Tage
Let’s be honest. It’s because the US doesn’t control it that’s why it should be banned.
Faizol Azha
Faizol Azha Vor 8 Tage
Well,it's because western capitalist can't get any benefit from palm oil trading..example like soy bean
andrew zeng
andrew zeng Vor 8 Tage
Support world wide import ban to protect the earth!
Erick Bnaf
Erick Bnaf Vor 8 Tage
look to me like west is trying hard to find excuses(how) to control the palm oil
ettekamba6969
ettekamba6969 Vor 8 Tage
With AI and robotics we can make the workers jobs easy while they make so much money
ettekamba6969
ettekamba6969 Vor 8 Tage
Soon AFRICANs continental blocks will take over bcos Nigeria gave them the Palm's.infacts it's from my village
A Q Y
A Q Y Vor 8 Tage
if not mistaken, Malaysia saves 60% to 70% on natural forests. Asking the western opinion on what’s in south east asia is dumb. Everything the west produced is good,...asia? No no..anything Asia produced sucked. U western racist. And every time they said “according to this and that study” that study is from ur people, so its high probability of bias. Sorry for broken english. Malas nk ikut grammar rules dieorang. Barang kita je buruk, meluat.
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