Elaeis guineensis but since 2007, Indonesia has been the world's largest producer, supplying approximately 50% of world palm oil volume. Worldwide palm oil production for season 2011/2012 was 50.3 million metric tons, increasing to 52.3 million tons for 2012/13. In 2010/2011, total production of palm kernels was 12.6 million tonnes. The Urhobo people of Nigeria use the extract to make Amiedi soup. Key scientific journals publishing on oil palms and related topics include: The social and environmental impacts of oil palm cultivation is a highly controversial topic. Oil palm is a valuable economic crop and provides a major source of employment. It
Commodity market Commodity market A commodity market is a market that trades in primary economic sector rather than manufactured products. Soft commodities are agricultural products such as wheat, coffee, cocoa, fruit and sugar. Hard commodities are mined, such as gold and oil. Investors access about 50 major commodity markets worldwide with purely financial transactions increasingly outnumbering physical trades in which goods are delivered. Futures contracts are the oldest way of investing in commodities. Futures are secured by physical assets. Commodity markets can include physical trading and derivatives trading using spot prices, forwards, futures, and options on futures. Farmers have used a simple