As I mentioned in my previous post, we have a situation on our hands with respect to the production of palm oil. It’s certainly not helped by the fact that big U.S. based agribusinesses are keeping demand for palm oil high. The big companies are Cargill, Bunge and Archer Daniels Midland (ADM). Never heard of them? Yeah, me neither. So here’s some more info on these companies, which I got from the Rainforest Action Network site (a very good site, I might add).
U.S. agribusiness giants ADM, Bunge and Cargill are the ABCs of rainforest destruction: They dominate the world markets for palm oil and soy crops that are grown on cleared rainforest lands.
ADM is deeply involved in the production and sale of palm oil. It is also one of the greatest recipients of government subsidies, which means taxpayers are footing the bill for ADM’s rainforest destruction. An ADM affiliate, Wilmar, is the largest palm oil producer in the world, and its practices are among the most destructive.
Bunge, though not a household name in the U.S., is the largest agribusiness and food company operating in Brazil. While Bunge is primarily involved in soy operations that are devastating communities and ecosystems throughout South America, it is also among the largest importers of palm oil into the United States.
Cargill is the most powerful agribusiness and commodity trading group in the world. It owns a dozen plantations in Indonesia and Malaysia, where it grows oil palm on freshly cleared rainforest land. It is also a major global trader of palm oil.
Next up – some products which contain palm oil…and how you can help.
