Palm oil production could be key in solving rising food costs

Palm oil may be the cure to high food costs

With the poor moving away from subsistence farming and a predicted world population increase from 7 billion to 9.3 billion by 2050, investment in commercial agriculture has never been more vital. In Commercial Agriculture: Cure or Curse? Malaysian and African Experience Contrasted, Keith Boyfield demonstrates the importance of palm oil as a resource in tackling hunger and poverty, and looks at the opportunities and challenges of plantation agriculture presented by the contrasting experiences of Malaysia and Nigeria.

 
The importance of palm oil:

  • Demand for palm oil has more than doubled since 2000. Its variety of uses makes it a lucrative resource and a vital source of nutrients for the world’s poorest. Evidence from Malaysia, where palm oil cultivation rose from just over 45% of all cultivated land in 1990 to over 75% by 2009 shows it can make an important contribution to poverty reduction.
  • Equatorial Africa is one of the few places in the world with the available and suitable space to cultivate the amount of palm oil that is desperately needed to