Published on in “Business, Business”, language — English. 5 pages.
Globally, palm oil is witnessing a high demand in the market. Palm oil is applicable as a cooking oil, bio-diesel, lubricants, cosmetics, and others, which is driving the growth of the market. Increasing demand for vegetable oil is a major factor driving the growth of the market. Moreover, in the biofuels market, it is used as the feedstock for the production of biodiesel and as an alternative to mineral oils for use in power stations which is boosting the growth of the palm oil market. More
