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A palm oil company, a group of U.S. venture capitalists, and the destruction of Peru’s rainforest

Food Environment and Reporting Network

The global market for palm oil, valued at more than $70 billion last year, is experiencing steady growth, driven by its use in products as varied as food, beverages, biofuels, and cosmetics. Land-trafficking mafias , which operate in every region of Peru, have allowed developers to launder unclaimed swaths of rainforest into legal farmland.