oil palm mill awala olam nigeria in ivory coast

                                               
                                               
                                               
                                               
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  • What is the palm oil industry like in Nigeria?
  • The Nigerian palm oil industry is very fragmented and dominated by numerous small-scale farm holders, which account for over 80% of local production, while established plantations account for less than 20% of the total market.
  • Who produces the most palm oil in Ivory Coast?
  • But, as in Nigeria and Ghana, it is the smallholders in Ivory Coast, like Desire-Jacques Porquet, who produce most of the country's palm oil. "Palm oil is important because it supports two million people [in Ivory Coast]," Mr Porquet says as he turns off the smooth, tarred highway and drives deep into the bush along a winding, dusty track.
  • Does Nigeria have a supply gap for palm oil?
  • To meet the supply gap of palm oil, the country had to depend on importation over the years. However, in 2015, the CBN published a list of 41 items, including palm oil, as ineligible for forex through the Nigerian interbank market to encourage local production and manage foreign reserves.
  • How did Olam develop a sustainable palm oil concession?
  • In developing our plantations, we conducted detailed independent third-party assessments on selected lands to assess the suitability from an agricultural, biodiversity and social perspective in order to meet the requirements of our Sustainable Palm Oil Policy. Olam identified and set aside 50 per cent of our concession as conservation area.