The palm oil prices rose 17 percent in the past year, and are expected to rally 20 percent in the next six months, with new factories being announced on a daily basis. The growth is spurred mainly by alternative fuel use. While the success is a clear indication of the growth in biofuels demand and usage, growing the feedstock at the expense of an existing ecosystem, like virgin rainforest, would have a negative overall impact on the environment.
[Source: Bloomberg.com]
[Source: Bloomberg.com]
