Pressure from businesses and environmental groups has slowed the destruction of rainforests to produce palm oil in Indonesia, Southeast Asia’s largest country.
Rising demand for the commodity has tested those efforts, but so far further deforestation has been kept in check.
Palm oil prices have tripled over the past two years to record levels and are likely to remain high. Along with other more costly commodities, palm oil is feeding global inflation.
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“It looks like the link between prices and expansion has broken,”…
