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Environmental, Campaign & Website News > REDD payments may not entice developers over palm oil

REDD payments may not entice developers over palm oil

Date : 22nd February 2010, Source : Mongabay



In less than a generation oil palm cultivation has emerged as a leading form of land use in tropical forests, especially in Southeast Asia. Rising global demand for edible oils, coupled with the crop's high yield, has turned palm oil into an economic juggernaut, generating us$ 10 billion in exports for Indonesia and Malaysia, which account for 85 percent of palm oil production, alone. Today more than 40 countries - led by China, India, and Europe - import crude palm oil.

http://news.mongabay.com/2010/0222-palmoil.html





Document last updated on Tuesday 30 August 2011

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