excellent quality palm oil production metric ton in italy

   
excellent quality palm oil production metric ton in italy
                                               
                                               
                                               
                                               
  • excellent quality palm oil production metric ton in italy
How has palm oil production changed since the 1960s?

Palm oil production has increased rapidly since the 1960s. Between 1970 and 2020, the world¡¯s production of palm oil increased by about 40 times. Global production went from only 2 million tonnes to around 80 million tonnes. The change in global production is shown in the chart.3

How big is the global palm oil market?

The palm oil global market is forecasted to exceed 85 million metric tons by 2024. The surge of demand for palm oil is driven by the increasing consumption for foodstuff and biodiesel production ( Mutombo, 2018 ).

How many tons of palm oil a year?

From 11 million tons in 1990, it surged to approx. 76 million tons in 2020, reflecting a compound annual growth rate of 6.7% [ 2 ]. Over this time frame, the global cultivated area dedicated to palm oil more than quadrupled from 6.1 million hectares to 28.6 million hectares [ 2 ].

How much does palm oil cost per metric ton?

Import volume of palm oil has increased worldwide over the past few years. According to the World Bank, in 2021, the average price for palm oil stood at 1,131 nominal U.S. dollars per metric ton. It is expected to drop to about 1,054 nominal U.S. dollars per metric ton by 2024. Get notified via email when this statistic is updated.