Brazil could triple palm planted area in 10 years, industry leader says

SAO PAULO: Brazil ‌could more than triple its planted area for producing palm oil over the next decade by expanding cultivation on already deforested land in the Amazon, said Victor Almeida, president of industry association Abrapalma. Demand for biofuels is expected to boost growth in the sector, where existing expansion has largely taken place on land that was cleared previously, avoiding environmental risks while ensuring a supply of sustainable vegetable oil, Almeida said in an interview.

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