Monday, November 7, 2016

Economy: Cameroon imports palm oil from Gabon

The  Awala oil refinery in Gabon owned by Olam Group on the 27th October 2016, effectively carried out the exportation of palm oil and palm destined for Cameroon and Spain.
This exportation which  involved about 300 tons on palm oil and 180 tons of kernel oil was carried out in the presence of the Minister of Agriculture and Animal husbandry in charge of the Seed Program Yves Ferdinand Mamfoumbi

This first Palm oil exportation in Gabon is part of the economic diversification program lunched by President Ali Bongo few years back.

The Awala factory has found Cameroon as an excellent market because it has had a defficit of palm oil production of about 100 000 tons yearly.

the Cameroon government has authorized the importation of about 60 000 tons to boost the production of vegetable oil, soap, etc.

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