Nigerian partial response on the global economy of palm oil

• Main Authors: Shehu, Sani, Salleh, Mohd Afandi
• 格式: Conference or Workshop Item
• 语言: English
• 出版: 2020
• 主题: HC Economic History and Conditions
• 在线阅读: http://repo.uum.edu.my/28003/1/INSORPAD%202020%20102%20109.pdf; http://repo.uum.edu.my/28003/

The origin of oil palm tree came from the tropical forest of West African, it has been transferred to tropical area of Southeast Asia, and it has been developed into an agricultural yield. In Africa, the oil palm is being used for over 8,000 years for food consumption. During the British Industrial Revolution, the trade of palm oil began, Nigeria was among the few places where the fruit was first discovered. Palm oil is the major vegetable oils produced globally, it generates nearly 60% of vegetable oils global trade. Previously, palm oil has been criticized publically by campaigns in Europe and US, and associated it with deforestation, burning of forest, violation of human rights, and brutality to animals. Due to this, the palm oil importation to Europe and the US diminished. However, this forced the palm oil suppliers as well as producing countries to embark on producing certified palm oil as requested by Europe and the US. The objective of this paper is to highlight the Nigerian partial response on the global economy of palm oil, the paper is qualitative, it used document analysis, the findings of the paper, is the Nigerian partial response on the global economy of palm oil as well as the challenges raised by western countries.