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15/3/2019 · The palm oil industry is the leading producer of vegetable oil in the world, with annual production of 54.8 million tonnes from 2012 to 2014 .Palm oil accounted for 55% of the total global production of vegetable oils in 2014 .Indonesia and Hello! Please sign in or join to set a store for a more personalized experience and specific product pricing in your area. Information currently shown may not be valid for all stores. 1/11/2020 · Malaysia is the second largest palm oil producer in the world with a total plantation area of 5.6 million hectares . As an indication of the sheer volume of waste in the palm oil industry, the country had only 10 palm oil mills in 1960, but