From a nutritional point of view, there is no indication that the consumption of palm oil in a balanced diet is related to any specific health concern. The relation between nutrients and health must be considered in relation to the total diet and not in terms of single food items. With respect to (saturated) fats this means that they should be present in a balanced amount.
It’s important to note that there are no recommendations from European health authorities not to use palm oil in food products. In fact, the Eastern Mediterranean Regional Office of the World Health Organization recommends avoiding industrially produced trans-fats, and palm oil is an ingredient that has helped to reduce the number of transfats in many products in the West.
We should consider our whole diet and lifestyle, and not just focus on single ingredients. Concerns about increasing obesity and rising cardiovascular issues are shared by all involved in the food chain. However, replacing palm oil with alternative fats is not the answer and can have significant unintended consequences on quality of products, environmental impact or health of consumers.