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Cameroon – Agribusiness: In the second quarter of 2017, Cameroon imported 2,000 tons of palm oil from Gabon

In the second quarter of 2017, Cameroon imported 2,000 tons of palm oil from Gabon
Written by Deckson N.

Agro-industrial companies, members of the Association of Oil Refiners of Cameroon (Asroc), imported 2,000 tons of crude palm oil from Gabon between May and June 2017, according to sources from this group.

According to our sources in Asroc, the price of the sale of this Gabonese raw material is much more competitive than that of the Malaysian imports which generally allow Cameroon to fill a structural production deficit estimated at 100 000 tonnes for years, but has officially reached 130 000 tons in 2 years.

This cost advantage, which can be explained by the proximity between Cameroon and Gabon (the regions of South Cameroon and Woleu Ntem in Gabon border), could soon make this country of the Economic and Monetary Community of Central Africa (Cemac), the main supplier of palm oil refiners in Cameroon, in view of the investments made by the agro-industrial company Olam.

As a reminder, it is since October 2016 that Cameroon became importer of Gabonese palm oil from the Olam refinery, located in the locality of Awala. Cemac’s largest economy, which will officially import 96,000 tons of palm oil in 2017, to meet the needs of local refiners, had received an inaugural cargo of about 300 tons.

 

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Deckson N.