Browsing: palm oil production in Africa

• The government of Tanzania is looking to make the country cooking oil self-sufficient by 2025, that is in just two years.
• ASA reports that it has 13 farms covering a total area of 16,588 hectares, but unfortunately, of these, only 12,731 hectares are suitable for farming.
• The deficit costs the country US$ 250 million every year in palm and other edible oil imports.

Tanzania is short of 650,000 metric tons which is over 60 percent of its requirements plugged by imports. Now the country wants investors to close this gap.

Speaking recently to farmers in South Tanzania, Prime Minister Kassim Majaliwa challenged local and foreign investors to see this demand gap as an investment opportunity.

The deficit costs the country US$ 250 million every year in palm and other edible oil imports, making the edible oil sector, the second-highest foreign exchange earner by the value of transactions.

“However, the government …

• Palm oil production continues to grow each year, driven by increasing global demand.
• The main producing countries are Indonesia, Malaysia, Thailand, and Colombia.
• In addition, the production of palm oil is also increasing in other countries, such as Nigeria, Brazil, and Ecuador.

The demand for palm oil is on the rise, and Africa is positioned to benefit from it. Palm oil production has been steadily increasing in recent years, with African countries such as Nigeria, Ghana and Ivory Coast leading the way. However, there are still many challenges that need to be addressed if Africa wants to close the gap between its current production levels and global demand for palm oil.

One of the challenges lies in infrastructure development within African countries. Adequate roads must be built so that farmers can transport their produce easily across borders. Access to finance needs to be fast-tracked so that farmers can invest more …