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 meet global demand. Palm oil presents a huge opportunity for African