A palm oil company, a group of U.S. venture capitalists, and the destruction of Peru’s rainforest
Food Environment and Reporting Network
DECEMBER 31, 2024
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. Melka had sought to bring another 12,000 acres into cultivation through this sharecropping strategy. Now, those forests were being cleared.
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