Palm oil, an edible vegetable oil used in processing packaged food products, is obtained from the fruit of the oil palm tree, grown only in the tropics. Which of the following explains how global
demand for palm oil has proved beneficial and detrimental for countries such as Indonesia and Malaysia?
Palm oil exports provided substantial corporate profits, but increased government subsidies to palm oil farmers led to increased overty in the two countries.
Palm oil exports provided substantial corporate profits, but the process led to high rates of unemployment for farmworkers at harvest time.
C) Palm oil exports provided substantial corporate profits, but the growth in the industry resulted in heavy deforestation in both countries.
Palm oil exports provided increased income to the governments of Indonesia and Malaysia, but the number of farmers employed on palm oil plantations decreased in the two
countries
E) Palm oil exports aided in increasing the wealth of the two countries but also increased the diversity of plants in the two countries.

Palm oil exports provided substantial corporate profits, but the growth in the industry resulted in heavy deforestation in both countries.

Rest of the four statements are incorrect because:

As the production of palm oil attracts subsidies from the government, this ultimately lowers the cost of production. And hence increase corporate profits which results in reduced poverty.

Increase demand for palm oil lead to establishment of more industries and hence generating more employment.

Government income from export of palm oil will increase along with the farmers and more farmers will be willing to engage in palm oil plantation.

As many of the farmers will plant palm trees to achieve higher profits, diversity of plants will decrease.

Therefore , the option Palm oil exports provided substantial corporate profits, but the growth in the industry resulted in heavy deforestation in both countries is correct to describe benefits and decrements from palm oil production.

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