<P> Although palm oil is applied to wounds for its supposed antimicrobial effects, research does not confirm its effectiveness . </P> <P> In 2012, the annual revenue received by Indonesia and Malaysia together, the top two producers of palm oil, was $40 billion . Between 1962 and 1982 global exports of palm oil increased from around half a million to 2.4 million tonnes annually and in 2008 world production of palm oil and palm kernel oil amounted to 48 million tonnes . According to FAO forecasts by 2020 the global demand for palm oil will double, and triple by 2050 . </P> <P> Indonesia is the world's largest producer of palm oil, surpassing Malaysia in 2006, producing more than 20.9 million tonnes . Indonesia expects to double production by the end of 2030 . At the end of 2010, 60 percent of the output was exported in the form of crude palm oil . FAO data show production increased by over 400% between 1994 and 2004, to over 8.66 million metric tonnes . </P> <P> In 2012, Malaysia, the world's second largest producer of palm oil, produced 18.79 million tonnes of crude palm oil on roughly 5,000,000 hectares (19,000 sq mi) of land . Though Indonesia produces more palm oil, Malaysia is the world's largest exporter of palm oil having exported 18 million tonnes of palm oil products in 2011 . China, Pakistan, the European Union, India and the United States are the primary importers of Malaysian palm oil products . </P>

Where is most of the world's palm oil grown