Why Palm Oil Is So Cheap

Palm oil is cheap and ubiquitous. It’s used in thousands of everyday products and is the most widely consumed vegetable oil on the planet. You can get a kilo of palm oil for just $2. But its usage has become unsurprisingly controversial, as huge areas of rainforest have been cut down or burned to make way for palm plantations. So, why is this oil still so cheaply and readily available? MORE SO EXPENSIVE: Why Air Travel Is So Cheap Why Avocados Are So Expensive | So Expensive Why Real Truffles Are So Expensive | So Expensive ------------------------------------------------------ #PalmOil #SoCheap #BusinessInsider Business Insider tells you all you need to know about business, finance, tech, retail, and more. Visit us at: Subscribe: BI on Facebook: BI on Instag