Someday, palm oil may be the wonder oil that will replace olive oil on our kitchen counters, but not yet:
World Wildlife.org - "Grown only in the tropics, the oil palm tree produces high-quality oil used primarily for cooking in developing countries. It is also used in food products, detergents, cosmetics and, to a small extent, biofuel. Palm oil is a small ingredient in the U.S. diet, but more than half of all packaged products Americans consume contain palm oil—it’s found in lipstick, soaps, detergents and even ice cream.
Palm oil is a very productive crop. It offers a far greater yield at a lower cost of production than other vegetable oils. Global production of and demand for palm oil is increasing rapidly. Plantations are spreading across Asia, Africa and Latin America. But such expansion comes at the expense of tropical forests—which form critical habitats for many endangered species and a lifeline for some human communities.
WWF envisions a global marketplace based on socially acceptable and environment-friendly production and sourcing of palm oil. We aim to encourage increased demand for, and use of, goods produced using such practices."
Until the world agricultural community attains sustainable and safe production methoids, we recommend restrained use of palm oil. Palm oil production is also responsible for human rights violations as corporations often forcefully remove Indigenous Peoples and rural communities from their lands. Tragically, child labor and modern day slavery still occur on plantations in both Indonesia and Malaysia.