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Why Palm Oil Is So Cheap

Published on Nov 16, 2019
Business Insider
Why Palm Oil Is So Cheap

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