La Palm Royal Beach Hotel, Accra
|"Sustainable Oil Palm Development, Agronomic Specificities & |
Yield Potential in West Africa"
Minister Keynote Address :
Investment Opportunities in Palm Oil & Rubber Plantations in Ghana
Hon. Yaw Effah-Baafi, Deputy Minister
Liberia: Role of Oil Palm Investments and Investors in Rural Prosperity Building
and Food Security
Hon. Dr. Florence Chenoweth, Minister
West Africa known as the Palm Oil Continent of the region has attracted investments from many multi billion dollar companies for the development of oil palm plantations in the past 2-3 years.
"Olam to Spend $250 Million on Gabon Palm-Oil Project."
19 Jan 2012, Bloomberg
"Sime Darby Plantations makes foray into Liberia."
28 May 2011 . The Star online
Golden Veroleum (Liberia) Inc - GVL - is developing more than 200,000 hectaresof Oil Palm In West Africa
Indonesia and Malaysia who alone represents 85% of the world's palm oil production can no longer dispose of land enough to meet the demand of a market that is currently estimated to $52, 2 billion a year.
To meet the robust global demand for the commodity Asian and European industries are looking towards West Africa, for new land. With favourable climatic and soil conditions, Governments in West and Central Africa are offering attractive land acquisition terms for developing oil palm plantations in the continent.
Many challenges need to be addressed.
As the palm oil industry expands to the region, so has its public profile, resulting in intense scrutiny from local populations and NGOs. How sustainable are these expansion projects ? AfDB (Africa Development Bank) currently considering a possible loan to finance a palm oil project concedes that, in arguing on sustainability "One should also consider the global socio-economic effects, "the infrastructure for transports, the number of jobs created and the compensation rates of displaced populations".
Presenting 2 keynote speeches from the Agriculture Minister of Ghana and Liberia, CMT's Palm Oil conference in Africa discuss pertinent issues and challenges on Investing in Palm Oil plantations in West Africa.
Join us at this exciting event.
Important & Useful link on Ghana Visa Regulations:
Ghana Visa Regulations and Entry Requierments
|Profile of Attendees at 4th Palm Oil Summit held in Bali on 9-10 July 2012|
|Hear what the industry said about the last event!|
"Pack with knowledge, informative and passionate speakers"
"An excellent platform for planters, researchers and senior plantation management to exchange and share experiences"
"Overall the conference was very informative and opportunity to meet people with similar interest"
"It is most useful to us to learn that our presentation was appreciated the majority of the audience. We indeed enjoyed the meeting ourselves, being very well organized, containing a great diversity of topics in this emerging field and with good opportunities to meet with a number of people from the industry."
|Published articles for your interest and reference:|
Palm oil development in Cameroon: An urgent need for a national strategy – 26 July 2012, Cifor.org
FGVH to penetrate African Market - 28 June 2012, Bernama.com
Government to support two oil palm outgrower schemes - 17 June 2012, Business Ghana
Cargill to spend nearly $400 million in Africa - 6 June 2012, Star Tribune
The expansive area of the Congo Basin rain forest in Cameroon is currently of interest to investors in search of land for palm oil plantations. Many Asian palm oil companies are investing heavily in Central African countries to expand their production areas. This is chiefly due to the pressure to meet the rising demand for food and fuel, to limit deforestation, cope with increased land shortages and aid in closer scrutiny of land acquisitions.
Patrice Levang, a scientist at the Institut de Recherche pour le Développement (IRD) and Center for International Forestry Research (CIFOR) said, “Cameroon is of special interest to many Asian palm oil companies due to the excellent biophysical conditions, availability of cheap land and labour, political stability, the willingness of the government to develop its agricultural sector, and more importantly the closeness of the country to high-valued European and North American markets.”
The Cameroonian government is willing to offer concessions to companies in search of large acreages of land for palm oil production in forested zones since industrial palm oil production is a key element of the government’s poverty reduction strategy. According to Patrice Levang and David Hoyle (WWF), a new national strategy should invest in increasing the productivity and yield of the existing palm oil plantations as well as focus on sustainable development with minimum impact on carbon emission levels and biodiversity conservation.
Details on palm oil development in West and Central Africa, investment opportunities, sustainability, yield improvement and other aspects of oil palm plantation will be discussed at Palm Oil Africa which opens in Accra on 05-06 September. See here for more information on program agenda. Registration is opened so one may Register now, or contact Ms. Hafizah at firstname.lastname@example.org for enquiries and information.
Read complete article here.
Ghana’s ‘Oil Palm Master Plan’ and national Tree Crop policy, recently unveiled by the Government is expected to raise the country’s competitiveness in production of commodities within the next 15 years. This will also help meet the estimated local demand of 295,000 metric tonnes for the manufacturing industry. ‘The Oil Palm Master Plan’ is expected to serve as the blue print which outlines the set of projects and programmes to be implemented for the sector’s growth. Access to financing, certification, land-use policy, technology transfer, infrastructure development from the farm to the port, pricing mechanism and marketing will be the primary focus.
Currently, 305,700 hectares of oil palm plantations is under cultivation. But to meet the local demand there is a requirement for an additional 20,000 hectares. The 2010 palm oil output projected stood at 260,000 metric tonnes, indicating a deficit of 35,000 metric tonnes, which left the government with no choice but to spend US$100 million per year on importation to make up the deficit. If managed properly, the country can benefit from the huge market created by the unmet demand for palm oil.
Head of the Tree Crops Development Unit, Ministry of Food and Agriculture (MOFA), Joseph Baidoo-Williams said in an interview that the development of the plan would make it very easy to attract donor support to enhance palm oil production. He added that the government would support two new oil-palm out-grower schemes next year in the Western Region.
The output from Benso Oil Palm Plantation (BOPP),Twifo Oil Palm Plantation (TOPP), the major producers in the country, as well and Ghana Oil Palm Development and Norwegian firm Norpalm is only 80,000 tonnes per annum, as against the demand by Unilever alone, which is 90,000 tonnes.
At Palm Oil Africa which will take place on 05-06 September in Accra, official speakers as well as key representatives from the private sector will present their views and share their expert views on Africa’s palm oil industry. Hon. Yaw Effah-Baafi, Deputy Minister,Ministry of Food & Agriculture, Ghana will grace the event and deliver an official Keynote Address entitled “Investment Opportunities in Palm Oil & Rubber Plantations in Ghana”.
View full article here.
New-York based agriculture company Herakles Farms announced its decision and new details for the phased development of its Cameroon palm oil subsidiary, SG Sustainable Oils Cameroon (SGSOC), to ensure sustainable, environmental and socially sensitive growth.
Currently, SGSOC has cultivated less than 30 hectares in the Nguti, Mundemba and Toko Sub-Divisions of South West Cameroon. This includes three nurseries with 7,000 mature trees ready to be transferred to the field. SGSOC had recently performed pre-clearing studies on the initial 2,000 hectares land being evaluated for field-planting development. The studies included an examination of the flora, fauna and habitat of the adjacent land to ensure maintenance and protection of all environmental and social high conservation value areas.
Bruce Wrobel, CEO of Herakles Farms stated, "Herakles Farms is committed to listening to the concerns of all stakeholders and modifying our practices where necessary. We want to be a responsible leader in developing sustainable agriculture that prioritizes community development”. He also said, "We are focused on balancing our commitments to the Government regarding job creation and economic development with the specific and important interests of the local communities, as well as NGOs and other stakeholders. We are proceeding in systematic phases in order to be responsive to all concerned. Going forward, we want to foster greater openness, transparency and collaboration in our activities."
In September 2009, SGSOC committed to development in Cameroon. The Company and the Government of Cameroon signed an agreement to develop approximately 70,000 hectares of oil palm in an area classified by the Government as secondary forest in the South West Region. In August 2011, SGSOC submitted an Environmental and Social Impact Assessment (ESIA) for the area to the Government of Cameroon. In September 2011, the Government issued its approval through a Certificate of Environmental Conformity. SGSOC expects approximately 60,000 hectares to be suitable for planting. Meanwhile, it has committed to perform additional pre-planting studies.
At the upcoming Palm Oil Africa in Accra on 05-06 September, Ms. Delilah Rothenberg, Project Manager of Herakles Farms / Herakles Capital is slated to present a talk entitled “Benefits and Challenges of Palm Oil in Africa – A Grower’s Perspective”.More details of palm oil development will be available at the summit.
To view the complete article, click here.
In response to the increasing global demand for palm oil, the West African country, Cameroon is inviting foreign companies to expand industrial palm plantations. According to the government, the companies seeking acquisition of land for palm oil plantations in the South and South-West region are Sithe Global Sustainable Oils Cameroon (SGSCO) owned by US-based Herakles Farm (180,000 acres), Malaysian-based multinational and world’s biggest listed palm oil producer Sime Darby (1.5 million acres) and Indian- owned Siva Group/Biopalm Energy(500,000 acres), as well as 3 more companies.
Government statistics show that Cameroon is the 13th largest producer of palm oil globally. 230,000 tonnes is produced annually by a mix of small holders and agro-industrial plantations, and around 470,000 acres is under cultivation. About half the total production is exported to Nigeria, France and other countries. To make up for the 150,000-tonne deficit for domestic consumption, the government’s Rural Sector Development Plan aims to triple the palm oil production to about 450,000 tons annually by 2020.
Despite opposition from environmentalists on climate threats and loss of some fauna and biodiversity, local communities in the project areas have embraced the projects. Officials say that the projects will prove economically beneficial as it is going to provide direct and indirect employment and bring more revenue to the state.
Given the rapidly growing global palm oil demand, at the Palm Oil Africa conference on 05-06 September in Accra, industry experts will examine the various aspects of palm oil plantations in countries such as Ghana, Nigeria, Liberia, Sierra Leone, Gabon, Cameroon and Cote d’ Ivoire, including investment prospects, yield management, disease control, environmental impact & biodiversity conservation, and many more. Register here and reserve places to attend the conference. For enquiries, contact Ms. Hafizah at email@example.com
Read complete article here.
Click here to view the Reuters listing of the major and emerging palm oil players in Africa.
In the recent years, West and Central Africa have gained interest in foreign investments for palm oil. The industry made over $5.9 billion between 2009 and 2011. The price of palm oil has quadrupled between 2000 and 2011, and the trend is expected to carry on with a 3% increase per year, owing to the rising demands for this natural resource which is used in the food industry, cosmetics, and bio-fuels energy sector.
Leading producers, Malaysia Sime Darby and Indonesian Golden Agri-Resources have committed to invest around $4.7bn covering 450,000ha in Liberia alone. In Gabon, Singapore’s Olam has obtained exploitation rights of close to 300,000 hectares. Other regions captured by investors for the highly profitable palm oil include Cameroon, Congo, Angola, Côte d'Ivoire, Tanzania, and Mozambique.
Favourable climatic conditions, accessible land and conducive legislation serve to complement the agricultural potential of Africa, which is currently only a marginal producer. And a growing global demand provides an excellent opportunity to take advantage of this potential. The European Union’s directive which states that 10% of EU’s total energy consumption in 2020 should be bio-fuels has driven Western groups to mark their presence in Africa. Italian ENI has reached an agreement with the Angolan government for palm-oil plantation development. This leading oil-producer on the continent is also present in Congo with an investment commitment of $345 million. From the Asian front, Indian investors have shown interest and Chinese telecoms operator ZTE has a 100,000 hectare plantation in the Democratic Republic of Congo. Brazilians have also voiced their interest.
Given the huge business potential in Africa’s Palm Oil sector and demand for latest know-how, CMT has initiated plans to host a Palm Oil Africa conference to provide information to prospective foreign investors and production companies on financing, investment prospects, land regulations, labour laws and logistics & infrastructure support. The event which will be held on 05-06 September in Accra will also dwell on crucial subjects like applying large-scale cultivation expertise from Asia, opportunities for downstream processing, as well as R&D on improved planting materials and techniques.
Click here to read complete article.