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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. The United States later financed a mill that would be run by a farmer cooperative. “Oh, f**k,” he remembered thinking.