In addition to palm oil for international markets, we produce world-class palm oil seeds at our Dami Research Centre – sold locally and globally. NBPOL is also Papua New Guinea’s (PNG) most prominent commercial producer of high-quality beef and the exclusive commercial sugar producer for the Ramu Sugar brand.
Who is the largest oil palm producer in Guinea?
Currently the Guinean Oil Palm and Rubber Company (SOGUIPAH) is the largest rubber and oil palm producer in the country accounting for significant employment and income generation at the national and the local level (see Section 2.1 ).
Why is palm oil important to Papua New Guinea?
These wild places are also relied upon for palm oil, the largest produced agricultural commodity in the country. In 2017, palm oil production contributed to $344 million of the country’s total export earnings, providing employment to upwards of 200,000 Papua New Guineans.
How much palm oil does Papua New Guinea export?
* Using January 2020 exchange rates when trade data is reported in local currency. In 2022, Papua New Guinea exported $1.03B in Palm Oil. The main destinations of Papua New Guinea exports on Palm Oil were India ($418M), Netherlands ($341M), United Kingdom ($179M), Malaysia ($58.8M), and Germany ($32.7M).