Sustainable and responsible palm development that protects forests and respects communities. We operate oil palm plantations in Gabon – Awala and Mouila are have been established since 2011; Makouke is an older plantation acquired by Olam in 2016; whilst Ndende is a new planting developed 100% in grasslands to incorporate cooperative smallholders.
Should Gabon invest in palm tree oil plantations?
Experts believe that investment in the palm tree oil plantations in Gabon and the rest of Africa is thriving and will create local jobs and guarantee the stability of the local economy. Ali Bongo Ondimba, the head of State, commissioned on Sept. 16 the new production site of sustainable palm oil of Olam, in Kango, in the Estuaire province.
Where does Gabon import palm oil?
Gabon imports Palm Oil primarily from: Malaysia ($4.47M), Indonesia ($894k), Singapore ($419k), Lebanon ($4.5k), and South Africa ($4.19k). The fastest growing import markets in Palm Oil for Gabon between 2020 and 2021 were Malaysia ($4.06M), Indonesia ($706k), and Singapore ($152k).
How much does palm oil cost in Gabon?
The commodity currently fetches around $686 per tonne, and in recent years the price has been relatively stable. Given the substantial demand, Gabon is hoping to displace Malaysia and Indonesia – the two largest producers in the world – as the region’s main supplier of palm oil after adopting techniques learned in Ghana and Nigeria.