Why this soft commodity is heading for exponential growth

The world's demand for palm oil is rapidly outstripping supply. And with environmental concerns restricting further expansion in Asia, production is moving to other areas of the world. Tom Bulford looks at where the palm oil industry is heading.

Most of us feel quite good about eating margarine. Compared with slabs of lard or rich butter, margarine seems like a healthy alternative.

But perhaps not. Margarine is made from assorted vegetable oils in a process called hydrogenation. The oils are heated to a high temperature then a nickel catalyst is added along with hydrogen atoms to solidify it. Finally, deodorants and colourings are added to remove margarine's horrible smell and unappetising grey shade.

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Tom worked as a fund manager in the City of London and in Hong Kong for over 20 years. As a director with Schroder Investment Management International he was responsible for £2 billion of foreign clients' money, and launched what became Argentina's largest mutual fund. Now working from his home in Oxfordshire, Tom Bulford helps private investors with his premium tipping newsletter, Red Hot Biotech Alert.