INCREASING production. Rising inventory. Slumping prices. Recent development suggests the future looks bleak for the palm oil sector. But is that so?
According to the United Nations, global population is set to grow from the current 7.6 billion to 9.8 billion in 2050. By 2027, the middle-income class is expected to reach five billion, representing 60% of global population. This will be accompanied by an ageing population of 60 or above which is expected to rise from 962 million globally in 2017 to 2.1 billion in 2050.