logoBC
Yaoundé - 26 June 2022 -
Agriculture

Palm oil production expected to grow steadily to 450,000 tons by 2024 (report)

Palm oil production expected to grow steadily to 450,000 tons by 2024 (report)
  • Comments   -   Tuesday, 07 June 2022 16:48

(Business in Cameroon) - Palm oil production in Cameroon is expected to reach 400,000 tons this year, according to the Bank of Central African States (Beac).

In its latest Composite Index of Commodity Prices (ICCPB) report, the institution forecasted that the upward trend will continue with volumes reaching 425,000 and more than 450,000 tons in 2023 and 2024, respectively. Overall, between 2021 and 2024, the production of palm oil in the country is expected to grow by less than 80,000 tons, while the structural deficit has reached 150,000 tons since 2021.

As a result, despite the announced upturn in production over the next three years, Cameroon will continue to import palm oil to guarantee the supply of processing units.

BRM 

afriland-first-bank-cd-shaken-by-internal-conflicts-fueled-by-malpractice-accusations
For about a year now, Afriland First Bank CD - 95.6% owned by Afriland First Group- is ripped apart by internal conflicts. The bank’s majority shareholder...
the-port-authority-of-douala-launches-the-container-terminal-renovation
The Port Authority of Douala (PAD) announced it has started works to renovate its container terminal. The project is expected to improve the fluidity and...
mobile-money-tax-revenue-above-target-for-2022
Revenue from the Mobile Money tax in Cameroon stood at CFA7.3 billion between February and May this year, according to data published by the Directorate...
isdb-claims-a-cfa683bln-active-portfolio-in-cameroon
The Islamic Development Bank (IsDB) has an active portfolio of $1.1 billion (about CFA683 billion with current value) in Cameroon. The information...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »