Palm oil is a major industrial commodity today. It is economical, versatile, immensely popular, and it is being produced in an increasingly sustainable way. An industrial feedstock in food and confectionery goods, cosmetics, detergents, and biofuels, it is also an important food source in large parts of the developing world.
But a number of factors suggest that the future lies in new oils. Rapid expansion of palm oil production has destroyed areas of the rain forest, contributing to greenhouse gas emissions and eroding biodiversity. The planet cannot sustain ever-expanding production levels, which some project could nearly triple by 2050. And while in some food uses palm oil doesn’t require hydrogenation, its ubiquity in packaged foods still makes it a health concern in the developed world, where diets are high in saturated fats. Alternatives are required. Although sustainable palm oil and other vegetable oils are necessary elements in today’s oil portfolio, they are insufficient. Buyers, governments, and nongovernmental organizations need to accelerate initiatives to develop new oil sources. Keep Reading
Filed under: Agriculture, Oils, Product development, Sustainability | Leave a Comment »
On November 20, Hostess announced that mediation with its bakers union had failed and that the 82-year-old company would proceed with liquidation plans. The good news is that the company’s iconic brands, such as Twinkies and HoHos, may not be gone for good. There may be multiple buyers of the individual product brands under the Hostess umbrella or there may be a single buyer who acquires them all. But rest assured, they will be sold because they have real market value. Estimates are that the combined sale of Hostess could be worth over $2 billion.
