Editing Palm oil (section)

==Markets==
[[File:World Production Of Main Vegetable Oils By Main Producers (2020).svg|thumb|Palm oil is one of the most commonly produced vegetable oils]]
According to the Hamburg-based ''Oil World'' trade journal,<ref>{{Cite web|date=18 January 2020|title=Oil World|url=https://www.oilworld.biz/|access-date=18 January 2020|website=Oil World}}</ref> in 2008 global production of oils and fats stood at 160 million tonnes. Palm oil and palm kernel oil were jointly the largest contributor, accounting for 48 million tonnes, or 30% of the total output. [[Soybean oil]] came in second with 37 million tonnes (23%). About 38% of the oils and fats produced in the world were shipped across oceans. Of the 60 million tonnes of oils and fats exported around the world, palm oil and palm kernel oil made up close to 60%; Malaysia, with 45% of the market share, dominated the palm oil trade. Production of palm oil that complies with voluntary sustainability standards is growing at a faster rate than conventional production. Standard-compliant production increased by 110% from 2008 to 2016, while conventional production increased by 2%.<ref>{{Cite web|last1=Voora|first1=V.|last2=Larrea|first2=C.|last3=Bermudez|first3=S.|last4=Baliño|first4=S.|date=2019|title=Global Market Report: Palm Oil|url=https://www.iisd.org/ssi/commodities/palm-oil-coverage/|access-date=|website=State of Sustainability Initiatives}}</ref> The production of vegetable oils as a whole went up 125% between 2000 and 2020, driven by a sharp increase in palm oil.<ref name=":14">{{Cite book |title=World Food and Agriculture – Statistical Yearbook 2023 |publisher= Food and Agriculture Organization of the United Nations |url=https://www.fao.org/documents/card/en?details=cc8166en |access-date=2023-12-13 |via=FAODocuments | date=2023 |language=en |doi=10.4060/cc8166en| isbn=978-92-5-138262-2 }}</ref>

===Food label regulations===
Previously, palm oil could be listed as "vegetable fat" or "vegetable oil" on food labels in the European Union (EU). From December 2014, [[food packaging]] in the EU is no longer allowed to use the generic terms "vegetable fat" or "vegetable oil" in the ingredients list. Food producers are required to list the specific type of vegetable fat used, including palm oil. Vegetable oils and fats can be grouped together in the ingredients list under the term "vegetable oils" or "vegetable fats" but this must be followed by the type of vegetable origin (e.g., palm, sunflower, or rapeseed) and the phrase "in varying proportions".<ref name="GAIN Report">{{Cite report|url=http://gain.fas.usda.gov/Recent%20GAIN%20Publications/NEW%20EU%20FOOD%20LABELING%20RULES%20PUBLISHED_Brussels%20USEU_EU-27_1-12-2012.pdf|title=New EU Food Labeling Rules Published|date=12 January 2012|access-date=29 January 2013|archive-url=https://web.archive.org/web/20120416111706/http://gain.fas.usda.gov/Recent%20GAIN%20Publications/NEW%20EU%20FOOD%20LABELING%20RULES%20PUBLISHED_Brussels%20USEU_EU-27_1-12-2012.pdf|archive-date=16 April 2012|website=USDA Foreign Agricultural Service|url-status=live}}</ref>
 
In Malaysia, it is illegal to label products in ways that "discriminate against" palm oil. Offenders can be fined up to [[Malaysian ringgit|RM]]250,000 or imprisoned for up to five years. One convenience store was raided for selling "no palm oil" ice cream, with all products seized.<ref>{{cite news |title=Malaysian authorities raid convenience store selling 'No Palm Oil' ice cream |url=https://www.straitstimes.com/asia/se-asia/malaysian-authorities-raid-convenience-store-selling-no-palm-oil-ice-cream |date=3 May 2024 |work=[[The Straits Times]] |access-date=5 May 2024}}</ref>

===Supply chain institutions===

==== Consumer Goods Forum ====
In 2010, the [[Consumer Goods Forum]] passed a resolution that its members would reduce deforestation to net zero by 2020. They planned to do this through sustainable production of several commodities, including palm oil.<ref>{{Cite web|title=Deforestation: Mobilising resources to help achieve zero net deforestation by 2020|url=https://www.theconsumergoodsforum.com/initiatives/environmental-sustainability/key-projects/deforestation/|url-status=dead|archive-url=https://web.archive.org/web/20191117111402/https://www.theconsumergoodsforum.com/initiatives/environmental-sustainability/key-projects/deforestation/|archive-date=17 November 2019|access-date=18 January 2020|website=Consumer Goods Forum}}</ref> As of 2023 that goal has not been met.<ref>{{Cite web|title=Palm Oil Roadmap.|url=https://www.theconsumergoodsforum.com/wp-content/uploads/CGF-FPC-Palm-Oil-Roadmap.pdf|website=Consumer Goods Forum}}</ref>

==== Roundtable on Sustainable Palm Oil (RSPO) ====
{{Excerpt|Roundtable on Sustainable Palm Oil}}[[File:Palm Oils - outer pulp vs kernel from African Oil Palm - Elaeis guineenisis.jpg|thumb|Left, reddish palm oil made from the pulp of oil palm fruit. Right, clear [[palm kernel oil]] made from the kernels]]