Palm Oil
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Nigeria unveils national strategy to revive palm oil sector, targeting 10% global market share
The initiative, which aligns with the Renewed Hope Agenda, will focus on expanding oil palm cultivation, modernizing processing facilities, and strengthening market linkages for smallholder farmers. It will also encourage private sector investment to enhance competitiveness and drive exports.
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Presco targets to expand its oil palm business in Abia State, Nigeria
The proposal includes the acquisition and development of approximately 14,000 hectares for plantations and associated agro industrial activities.
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Wilmar reports strong performance in net profit with US$1.4B for FY2025
This performance reflects resilience amid volatile commodity markets, driven by strong contributions from its core segments in food products, feed, industrial products, plantations, and sugar milling.
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Palmolein slump drags India’s vegetable oil imports down 28% in November
This decline was primarily driven by a sharp decrease in refined palmolein shipments.
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Cameroon targets to boost crude palm oil production by 20,500 more tonnes in 2026
Success could reduce import bills, boost agro-processing jobs, and position the nation competitively against larger producers like Indonesia and Malaysia.