Sustainability concerns have given food companies reason to consider altering their approaches to palm oil, a commodity linked to deforestation. Companies should be aware researchers are investigating how oils produced with yeast or algae may serve as palm oil alternatives, but currently little is available commercially. Processing steps such as interesterification are other options for replacing palm oil, and palm oil may be certified sustainable through groups like the Roundtable on Sustainable Palm Oil.
ResearchAndMarkets.com, Dublin, Ireland, forecast the global palm oil market to have a compound annual growth rate of 4.1% from 2022-28, increasing to $67.6 billion from $53.1 billion. Yields of palm oil are 5 to 10 times higher than other leading vegetable oil crops, according to ResearchAndMarkets.com, adding palm oil also has a longer shelf life and costs less than other vegetable oils on the market.
Dekel Agri-Vision PLC (LON:DKL) aspires to become a leading agro-industrial company in West Africa, one that creates value for shareholders whilst at all times placing the interests of the local communities and environment in which it operates in at the heart of its operations.
