Monday, April 5, 2010

Breaking News-RTRS-ANALYSIS-French firms pull the plug on palm oil

PARIS, April 1 (Reuters) - French firms have stepped up restrictions on the use of palm oil, decried for being linked to deforestation in Asia, in a move that may boost demand for local oils but some warned it could raise new food and land problems.
The debate about palm oil's impact on the environment has intensified after green groups published reports last month blaming the way key producers were sourcing their oil by destroying rainforests and threatening endangered species.
In France it was amplified by a television broadcast that condemned food makers' use of cheap palm oil to cut costs and referring to health concern that its high level of saturated fat could raise cholesterol and heart diseases.