Largest PALM OIL Producing Countries 1964-2019 | INDONESIA VS MALAYSIA VS NIGERIA
Timeline of the largest palm oil producing countries from 1964 to 2019 Palm oil has been used in world trade since ancient times dating back to 3.000 BC & was popularized in modern times during British Industry Revolution by being used in industrial lubricants. The largest producer of oil Palm in 1970 to 2005 was Malaysia before it was overtaken by its counterpart Indonesia in 2005. Indonesia is rapidly increasing its land bank for Palm oil production and by 2016, it was to be 38 million tonnes and is expected to further double by 2030 If you like this video, SUBSCRIBE to our Channel for more videos👇👇👇 https://bit.ly/2vtrmYU
Timeline of the largest palm oil producing countries from 1964 to 2019 Palm oil has been used in world trade since ancient times dating back to 3.000 BC & was popularized in modern times during British Industry Revolution by being used in industrial lubricants. The largest producer of oil Palm in 1970 to 2005 was Malaysia before it was overtaken by its counterpart Indonesia in 2005. Indonesia is rapidly increasing its land bank for Palm oil production and by 2016, it was to be 38 million tonnes and is expected to further double by 2030 If you like this video, SUBSCRIBE to our Channel for more videos👇👇👇 https://bit.ly/2vtrmYU