AP BIOLOGY

Detailed explanation-1: -Palm oil is the leading imported edible oil in Australia which Malaysia is the major supplier with a share of 98% from total palm oil import. The main palm products imported are palm acid oil and RBD palm olein with a share of 41% and 32% respectively.

Detailed explanation-2: -Australia relies on imports-about 90 per cent-for the majority of its petrol supply. We do produce some crude oil domestically-about 350 barrels per day-however, the majority of this is exported. Most of our imported petrol comes from Asia, with around 25 per cent of it coming from Singapore.

Detailed explanation-3: -Amazingly, palm oil can be found in a massive 40% to 50% of household products in Australia. It’s used so extensively because of its numerous benefits: cheap production, long shelf life and its efficient to produce in terms of land use. All in all, companies can use palm oil to produce competitively priced products.