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Today, from being the largest producer of oil palm, Nigeria is now a net importer of palm oil. According to IndexMundi, a data portal, the domestic palm oil produced totaled 850,000 MT in 2012. As is visible, in the chart above, the growth in oil palm has stagnated at 850,000 MT since 2009.Get Quote
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the lead in growing the palm oil plantation industry, although downstream (i.e. refinery) also plays a significant role in sharpening and leveraging the industry. Buntoro Rianto/Hafidsyah Mochtar/Aditya Sasmito Overview of palm oil industry landscape in Indonesia Palm Oil Plantation Industry landscape, regulatory and financial overview 2012 UpdateGet Quote
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Because of the non-availability of palm oil some industrial users have integrated backwards into oil palm production through strategic alliances to invest in oil palm plantations. Figure five below gives a breakdown of the main uses of palm oil in Nigeria which domestic production is unable to meet.Get Quote