With reference to 'palm oil', consider the following statements :

1. The palm oil tree is native to Southeast Asia.
2. The palm oil is a raw material for some industries producing lipstick and perfumes.
3. The palm oil can be used to produce biodiesel. Which of the statements given above are correct?

Palm oil is an edible vegetable oil derived from the mesocarp (reddish pulp) of the fruit of oil palms.

The palm oil tree is native to Africa, not Southeast Asia. Hence, statement 1 is not correct.

Malaysia and Indonesia account for about 85% of the world’s palm oil supply.

Palm oil is used in cosmetics for its moisturising and texturising properties. It is used in lipstick because it holds color well, doesn't melt at high temperatures, has a smooth application, and has virtually no taste. Palm oil also makes perfumes and deodorants more effective and helps the fragrance last longer. Hence, statement 2 is correct.

Palm oil is also considered an alternative and promising feedstock to further diversify biodiesel production in the global market. Hence, statement 3 is correct.

Therefore, only statements 2 and 3 are correct.