More and more major companies are turning away from palm oil as a bid to attract consumers concerned about environmental damage. McDonald's made the announcement in April, joining Dunkin' Brands and Yum! Brands Inc. in their pledges to source only sustainably produced palm oil. As the supply chain becomes more transparent, socially-conscious consumers are demanding different practices from food companies.
While a variety of companies are turning away from certain foods, from GMOs to meat raised with antibiotics, finding sustainable palm oil will present its own difficulties, reported The Wall Street Journal. One of the most basic difficulties is how convoluted the supply chain is before it reaches a supplier. Even if a company sources from a single palm oil producer, that producer may in turn receive oil from a number of traders, who themselves may use smaller independent farmers. As a result, it becomes difficult to ensure all the oil came from sustainable sources.
While the move has seen support, some experts believe trying to trace palm oil's supply chain may be unfeasible. However, others see it as the first step in companies addressing larger environmental concerns.
It's certainly not over, but farmers and food producers may receive a few months' respite as tariffs in the Sino-U.S. trade war will not escalate for 90 days. Additionally, they can at least look forward to a new normal as the United States-Mexico-Canada Agreement (USMCA) moves forward to full...read more
With a background in both daily and weekly publications, Bryan has worked as a journalist since freelancing for his hometown paper in high school. He has since written both in print and online for min, The Times of Trenton and North Jersey Media Group, holding positions from stringer to editor. With a background as a news reporter, he has learned to seek out the focus behind the story, digging for the most important information.
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