Is palm oil the cheapest cooking oil in the world?
Palm oil is already the cheapest cooking oil out there, which means that the poorest people will be trapped in a cycle of food inflation that has already seen food prices rise more than 30 percent in 2021. The World Bank expects prices to keep rising; more than 20 percent in the coming year. The result could be catastrophic.
What is palm oil analytics?
Palm Oil Analytics provides real-time updates and analysis on the fluctuating palm oil price, including CPO price. With its comprehensive data feeds and user-friendly interface, the tracker enables producers, traders, investors, and policymakers to stay informed and make informed decisions in a dynamic market environment.
Will palm oil be the cheapest cooking oil in 2021?
But the poorest nations won’t have that luxury. Palm oil is already the cheapest cooking oil out there, which means that the poorest people will be trapped in a cycle of food inflation that has already seen food prices rise more than 30 percent in 2021. The World Bank expects prices to keep rising; more than 20 percent in the coming year.
Is palm oil production VSS-compliant?
It uses 2019 data for palm oil production that is VSS-compliant, given that this was the most current data available when we conducted the analysis. The report also examines prices and margins in the palm oil sector, looking at how VSSs contribute to increasing farm prices.