Trade and markets
 

Detail

Area
Zambia
Commodity Group
Oilseeds, oils and meals
Commodity
Palm oil
Date
01/09/2017
Policy Category
Production
Policy Instrument
Sector development measures
Description
Allocated public funds to a local palm oil venture in a bid to help reduce the country’s dependence on imports of crude palm oil and cooking oils.
Notes
According to press reports, the Zambian Government has provided equity finance to a local palm oil venture in a bid to help reduce the country’s dependence on imports of crude palm oil and cooking oils. Reportedly, the public-private partnership will focus on the development of oil palm plantations, including out-grower schemes for local farmers and the establishment of a palm oil mill. By supporting the production and processing of crude palm oil, the project – once it reaches full capacity – is expected to help substitute 70 000 tonnes of cooking oil imported into Zambia.