Will soybean oil replace the import of edible oil in Togo?
The two factories, which are also equipped with refining units, will produce edible soybean oil, de-oiled cakes, lecithin, soybean pieces, roasted soybeans, and soybean flour. The PIA says that "the production of soybean oil will replace the import of edible oils in the country," and expects more than 350 jobs for Togolese citizens.
How many tons of soybeans does Togo produce?
In 2015, Togo produced less than 25,000 tons of soybeans. Since then, production increased five-fold to more than 200,000 tons in 2021. How did this happen?
Can commercial banks lend to soybean producers in Togo?
With the boom in soybean production across the country, commercial banks are becoming more aware of the sector and its success. They are starting to see the potential in lending to soybean producers who supply the exporters. The government of Togo is an active supporter of the soybean industry.
Who supports soybean producers in Togo?
The Interprofessional Council for the Soybean Sector in Togo, for example, supports more than 24,000 producers, including 9,000 women.