VIDEO : Palm Oil Economics – The Story of How Palm Oil Benefits the World

The Story of How Palm Oil : Benefits the World

Palm Oil lifts people in the developing world out of poverty

300,000 Small farmers in Malaysia
and over 4,000,000 Palm Oil small farmers worldwide

But there’s more to this story…

Palm Oil benefits importing countries as well

Europe Economics
is an expert London economic consultancy

Their economists have calculated the positive impacts of Palm Oil globally

Its big.

2.8 Million Jobs in importing countries
$38 Billion in economic growth to global GDP

The E.U.
94,000 JOBS
and over €6 BILLION in GDP

The U.S.
60,000 JOBS
and $6.5 BILLION in GDP

China
900,000 JOBS
and $7 BILLION in GDP

India
1,000,000 JOBS
and $2.8 BILLION in GDP

Bottom line? Palm Oil is a global product with global benefits

There are a lot of misconceptions about Palm Oil..

But the facts, speak for themselves

Palm Oil lifts people out of poverty in the developing world..
and creates millions of global jobs at the same time

How does Palm Oil do this?
It is the world’s most efficient oilseed crop

Using less land and less fertilizer than any other oil crop

Soybean
0.3 Yield/Tonnes of oil produced per hectare
315 Fertilizer/Kg to produce one tonne of oil
29 Pesticides/Kg to produce one tonne of oil
2.9 Energy Input/Gigajoules to produce one tonne of oil

Rapeseed
0.79 Yield/Tonnes of oil produced per hectare
99 Fertilizer/Kg to produce one tonne of oil
11 Pesticides/Kg to produce one tonne of oil
0.7 Energy Input/Gigajoules to produce one tonne of oil

Palm Oil
4 Yield/Tonnes of oil produced per hectare
47 Fertilizer/Kg to produce one tonne of oil
2 Pesticides/Kg to produce one tonne of oil
0.5 Energy Input/Gigajoules to produce one tonne of oil

Palm Oil helps to feed 2 BILLION People around the world including many in Africa and Asia

Reducing poverty Reducing hunger Creating Jobs

Source : The Oil Palm Youtube Channel