Tanzania`s edible oil sector stands at Tshs.676.2 billion ($294 million) with players like Bidco Oil and Soap Ltd, Murzah Oil Mills and Alaska Tanzania. The sector is highly in need of investors to fill the supply gap that currently stands at 320,000 tonnes so as to slash the import bill that amounted to Tshs.191.3 billion (83.19 million) in 2018.
What type of oil is produced in Tanzania?
Oil seed production in Tanzania mainly focuses on ground nuts (40%), sunflower (36%), sesame (15%), cotton (8%) and palm oil (1%). More than half of vegetable oil consumed in Tabora and Tanzania as a whole is imported due to insufficient domestic production. The population of western Tanzania is approximtely 5.8 million in 2012.
Why should you invest in edible oil in Tanzania?
Investment opportunities introduction: Tanzania has a significant supply gap for edible oil for domestic consumption. This presents an opportunity for investment in local processing for edible oil. The current production capacity is only 36% of total edible oil demand (6, 7).
Where are oilseeds grown in Tanzania?
Oilseeds are produced in almost all regions in Tanzania. The major crop for edible oil production in Tanzania is the sunflower because it can be grown in most parts of the country as it is drought resistant, less susceptible to diseases and cheaper to cultivate compared to other oilseeds crops.