During the year 2016, the production of palm oil in the Cameroonian territory decreased by about 30%, mainly due to the unfavorable climatic conditions. This decline in production is expected to remain in the same proportions in 2017, says the Oil Sector Regulatory Committee and the Association of Oil Refiners of Cameroon (Asroc) project.
Anticipating this decline in production in 2017, coupled with an annual structural deficit which now stands at 130,000 tonnes in the last two years, due to the dynamism observed in the processing sector; The government of Cameroon has just authorized imports for 95 000 tons of palm oil and its derivatives, reveals Jacquis Kemleu Tchabgou, the secretary general of Asroc.
These imports, which will be made on preferential terms, including a 5% customs rate and VAT exemption, will enable local refiners to be guaranteed the availability of raw material for production throughout the year 2017, with refined vegetable oils, soaps and other derived products.
By 2016, the Government had authorized imports of 60 000 tonnes under the same conditions. According to Asroc, 45 000 tonnes have already been imported. The remaining 15 000 tonnes will be landed at the port of Douala at the beginning of January 2017, announces the SG of the Asroc, who reassures on the availability, in quality, in quantity and the best price, of vegetable and other oils known in the Cameroonian market at the end of 2016.