Palm oil
Palm oil is a vegetable oil, with a growing share of growing worldwide demand for vegetable oil.
81.5 million
tonnes of palm oil
produced in 2023.
Since 1990, world demand for vegetable oils has increased at an average 4% per year; that for palm oil 6%. It is the world’s most popular vegetable oil and its most traded: 81.5 million tonnes were produced in 2023, 59% of which were in Indonesia and 23% in Malaysia.
Approximately 20% of the world’s palm oil is currently produced sustainably.
Palm is extremely efficient in its use of land: it produces 40% of the world’s vegetable oil on only 8% of the area devoted to vegetable oil cultivation. And it is socially important, providing a livelihood and nutrition for smallholders and local communities in developing countries.
Approximately half of products found in a UK supermarket contain palm oil or palm-kernel oil, including shampoos, cosmetics, ice cream, biscuits, chocolate and cereals.
Sustainability
The Group demonstrates its commitment to sustainability through its membership of the Roundtable on Sustainable Palm Oil (“RSPO”).
Operational Excellence
Our operational success comes from making decisions for the long term whilst persistently monitoring and improving our operations.