Why palm oil expanded, and what keeps it growing

27 March 2015

Today, oil palm is Indonesia’s most important cash crop. In 2014, Indonesia produced 33.5 million tons of palm oil, [1] generating $18.9 billion in export revenue. [2] This makes palm oil Indonesia’s third most valuable export, behind only coal and petroleum gas. [3] However, the rise of Indonesian palm oil is only a relatively recent phenomenon. The chart below shows the remarkable growth that the industry has displayed over the past 30 years.

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