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Yaoundé - 21 October 2018 -
Agro-industry

Cameroon to import 100,000 tons of crude palm oil from Gabon and Indonesia in 2018

Cameroon to import 100,000 tons of crude palm oil from Gabon and Indonesia in 2018
  • Comments   -   Friday, 05 October 2018 14:12

(Business in Cameroon) - As to ensure a sufficient supply to vegetable oil refiners, Cameroon will import from Gabon and Indonesia 100,000 tons of crude palm oil and derivatives in 2018. The information was given by Emmanuel Koulou Ada, head of the Oilseed Sector Regulatory Committee following a session held in Yaoundé October 2.

Singaporean group Olam will ensure the import of the volume from Gabon while that from Indonesia will be ensured by “Indonesian traders”. Each country will provide 50,000 tons, Mr. Koulou said.

As a reminder, after having long peaked at 100,000 tons per year, Cameroon's annual structural shortfall in crude palm oil now officially stands at 130,000 tons. This is caused by higher investment by refiners, while local production has been stagnating for years.

BRM

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