The government has renewed its focus on Ghana’s oil palm industry, with the planned expansion forming part of efforts to increase farm output and strengthen local processing.
The surge reflects Senegal’s policy shift toward favouring local processing of groundnuts, which has coincided with a sharp decline in raw peanut exports as more of the crop is crushed domestically into oil.
The long-term outlook for palm oil in West Africa remains positive, supported by steady demand growth and continued investment across the sector.
Record soybean production and lower food inflation give South Africa fresh export opportunities as the country works to expand agricultural trade with China.
The expansion targets four existing US facilities rather than new-build projects, reflecting ADM’s strategy of upgrading established infrastructure to meet rising biofuel-driven demand.