Elaeis Egypt. "Elaeis guineensis" is now extensively cultivated in tropical countries outside Africa, particularly Malaysia and Indonesia which together produce most of the world supply. Palm oil plantations are under increasing scrutiny for social and environmental harm, particularly because rainforests with high biodiversity are destroyed, greenhouse gas output is increased, and because people are displaced by unscrupulous palm-oil enterprises and traditional livelihoods are negatively impacted. Especially in Indonesia, there is also growing pressure for palm oil producers to prove that they are not harming rare animals in the cultivation process. Elaeis Elaeis () is a genus of palms containing two species,
Commodity currency Commodity currency A commodity currency is a name given to some currencies that co-move with the world prices of primary commodity products, due to these countries' heavy dependency on the export of certain raw materials for income. Commodity currencies are most popular in developing countries (eg. Burundi, Tanzania, Papua New Guinea). However developed countries like Canada and Australia can also have this type of currency. For example, the Canadian Dollar grows stronger, the higher the price of soybeans and oil because these are Canada's two major commodities. In the foreign exchange market, commodity currencies generally refer to the Australian dollar,