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According to the Hamburg-based Oil World trade journal, [115] in 2008 global production of oils and fats stood at 160 million tonnes. Palm oil and palm kernel oil were jointly the largest contributor, accounting for 48 million tonnes, or 30% of the total output. Soybean oil came in second with 37 million tonnes (23%). About 38% of the oils and ...
Oil from Elaeis guineensis is also used as biofuel. Human use of oil palms may date back to about 5,000 years in coastal west Africa. Palm oil was also discovered in the late 19th century by archaeologists in a tomb at Abydos dating back to 3000 BCE. [6] It is thought that Arab traders brought the oil palm to Egypt. [citation needed]
In 1995, Malaysia was the world's largest producer, with a 51% of world share, but since 2007, Indonesia has been the world's largest producer, supplying approximately 50% of world palm oil volume. Worldwide palm oil production for season 2011/2012 was 50.3 million metric tons (55.4 million short tons), increasing to 52.3 million metric tons ...
Martua Sitorus (born as Thio Seng Hap, 1960) is an Indonesian businessman and palm oil magnate.He was once known as the fourth richest person in Indonesia (and #377 in the world), but had decreased to fifteenth by December 2018, [2] according to Forbes. [3]
According to Forbes, his net worth is estimated at $11.8 billion as of April 2023, [3] making him the wealthiest Malaysian citizen [4] [5] and 96th wealthiest person in the world. [6] As of April 2023, according to the Bloomberg Billionaires Index 2023, Kuok has an estimated net worth of $17.7 billion, making him the 97th richest person in the ...
Oil palms (Elaeis guineensis) Oil palm fruit is one of the most widely produced primary crops in the world.. An estimated 1.5 million small farmers grow the crop in Indonesia, along with about 500,000 people directly employed in the sector in Malaysia, plus those connected with related industries.
This page was last edited on 23 December 2024, at 22:27 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
Wilmar was founded by Kuok Khoon Hong and Martua Sitorus on 1 April, 1991 [15] and commenced operations as a palm oil trading company.. Forbes named Kuok the twelfth richest person in Singapore in 2021 [16] and Martua is the twelfth richest person in Indonesia.