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As oil palms approach their commercial lifespan of a quarter-century, they provide less of the versatile edible oil, used in everything from ice cream to cosmetics and fuel.
In Malaysia, replanting palms that have outlived their commercial lifespans will cost an estimated US$3 billion, while Indonesia may need to stump up at least US$5 billion to help with the replanting costs.
KUALA LUMPUR: Across swathes of South-East Asia, maturing palm oil trees, some as tall as a 12-storey building, are turning into a multi-billion dollar headache for local farmers, regional governments and consumers everywhere.
Across swathes of Southeast Asia, maturing palm oil trees, some as tall as a 12-story building, are turning into a multi-billion dollar headache for local farmers, regional governments and consumers everywhere. As oil palms approach their commercial lifespan of a quarter-century, they provide less of the versatile edible oil, used in everything from ice cream to cosmetics and fuel. Some plants become too ungainly
(Bloomberg) -- Across swathes of Southeast Asia, maturing palm oil trees, some as tall as a 12-storey building, are turning into a multi-billion dollar headache for local farmers, regional governments and consumers everywhere. Most Read from BloombergSenate Voting on Bill to Avert US Government ShutdownEurope’s Richest Royal Family Builds $300 Billion Finance EmpireOnce Unthinkable Bond Yields Are Now the New Normal for MarketsWeight-Loss Drugs Estimated to Save Airlines MillionsMurder Claim in