HOW EUROPE'S PALM OIL BAN WILL DESTROY THEIR OWN ECONOMY

#jokowi #indonesia #indonesiadocumentary
HOW EUROPE'S PALM OIL BAN WILL DESTROY THEIR OWN ECONOMY
By Ashley Robertson / ‪@indonesiadocumentary‬
Europe has decided they don't want crude palm oil anymore. You might wonder, "So what?" Well, this decision is kind of like saying, "I don't need this puzzle piece," only to realize it was crucial for completing the picture. Palm oil is everywhere - from the snacks we love to the beauty products in our bathrooms. By turning its back on palm oil, Europe is stirring up a storm that could make things more expensive and less varied for everyone living there.
But here's where it gets even more interesting. Indonesia produces 60 percent of the world's palm oil production or as much as 45.5 million tons per year. And europe is one of the biggest market for indonesian crude palm oil. Imagine you've built the best lemonade stand in town, but suddenly, the biggest group of thirsty people says, "No thanks, we're not drinking lemonade anymore." That's a huge deal! For Indonesia, Europe's ban is more than just a small hiccup; it's like a major roadblock on their path. This ban doesn't just affect the big companies; it's about the millions of people whose livelihoods depend on palm oil. They're facing a tough road ahead, trying to find new ways to make their living and keep their businesses running.
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