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European companies using palm oil again, what does future hold for palm oil?

17 May 2022 18:25

Due to Russia's invasion, Ukraine has been unable to export sunflower oil, which in turn is causing many European companies to turn to palm oil, reversing their previous bans.

Indeed European companies, such as UK's supermarket chain 'Iceland' is now using palm oil for many of its food products.

However, will this return to palm oil last and what does the future hold for palm oil? We talked further with Pietro Paganini, an expert on palm oil and Adjunct Professor in Business Administration at Temple, University of Philadelphia.