The fires are deliberately set to clear forests for palm oil plantations.

Data last week showed that palm oil exports rose slightly in May.

This means there is need for extra land for palm oil plantations.

Its business is classified into three divisions: food, rice and palm oil.

They are supporting the sustainable palm oil network in China, Vis said.

Gains were also seen in the palm oil and offshore services sectors.

So far, palm oil sales to the European Union have held up.

Despite the rise, palm oil posted its first annual decline since 2008.

Fundamentally palm oil is still bullish because supply is still facing issues.

IKEA also set stricter targets for palm oil, leather and cotton supplies.

Ezimma Ogbonna and her family have been producing palm oil for decades.

Saturated fats are also found in palm oil and palm kernel oil.

Similar duties have been imposed on palm oil as for mineral ores.

The island is a key producer for palm oil, rubber and coffee.

Wilmar is the latest palm oil company to commit to halting deforestation.

Large tracts of Indonesian forests have been cleared for palm oil plantations.