Palm Oil

The agreement includes a dedicated protocol on palm oil aimed at promoting sustainable trade.

India’s total edible oil imports increased by 3.6% in August compared to the previous month, reaching around 1.6 million tons, the highest volume in over a year.

Akwa Ibom’s intervention is expected to narrow this supply gap while stimulating rural employment and economic growth in the Niger Delta region.

To address this, Unilever partnered with KIS Group to source biomethane from nearby mills participating in its sustainable palm oil programme.

These acquisitions are expected to increase Presco’s total plantation size by 37%, expanding its footprint from approximately 43,547 hectares to 59,760 hectares.