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Malaysia produced about 20 million tonnes of palm oil in 2015 which was 32 per cent of the total global palm oil production of 62.8 million tonnes, according to the board. “We did not have palm oil in Malaysia as the crop originates from West Africa.

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Oil revenue accounts for 46% of the government’s budget, whilst it accounts for 43% of the country’s gross domestic product (GDP) and 81% of their exports. Gabon’s oil production is in decline now however, with the peak of production being three hundred and seventy thousand barrels a day in 1997.

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Historically, Palm Oil reached an all time high of 4298 in March of 2008 and a record low of 433 in March of 1986. Crude Palm oil is a vegetable oil and it's used primarily in processed food. The biggest producers of palm oil are: Indonesia, Malaysia, Nigeria, Thailand and Colombia.

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Production becomes profitable as soon as the price of a barrel of crude oil exceeds $100 (€69) on the world market. A barrel currently goes for just over $100.

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Palm oil exports to Britain from West Africa began in the 1790s, rose to 1,000 tons a year in 1810 and over 40,000 tons in 1855. French consumers were not interested in the soft yellow soap the British industry produced from palm oil , but French industrialists

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Palm oil exports to Britain from West Africa began in the 1790s, rose to 1,000 tons a year in 1810 and over 40,000 tons in 1855. French consumers were not interested in the soft yellow soap the British industry produced from palm oil, but French industrialists learned to produce an attractive soap from peanut oil.

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Palm oil is a vegetable oil obtained from the flesh of palm fruits. The palm fruit is the fruit of the oil palm, which grows primarily in Malaysia and Indonesia.

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In addition, there is a substantial amount of land in smallholder oil-palm production — perhaps 32,000 hectares. Almost all production currently takes place on smallholder plantations averaging 1 to 2,5 hectares in size.

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