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  • How much does palm oil cost in Africa?
  • In 2018, the palm oil export price in Africa amounted to $769 per tonne, jumping by 2.1% against the previous year. Overall, the palm oil export price, however, continues to indicate a slight contraction. The growth pace was the most rapid in 2008 when the export price increased by 20% year-to-year.
  • Which company is setting up a palm oil processing industry in Luapula?
  • Consolidated Farming Limited, has announced it will be setting up a large -scale palm oil processing industry in Luapula Province this year. Company Director Essof Alloo has disclosed that the firm will invest US$ 200 million in the project which will have a 10 thousand hectares anchor farm and an out-grower scheme.
  • How many hectares of oil palms will be planted in Mbereshi?
  • He said that the company will initially set up a 100 hectares oil palm nursery in Mbereshi area before the 2019/20 rainy season. Mr. Alloo said the company will be planting 2000 hectares every year for the next five years to create 10,000 hectares.
  • How many hectares of oil palms will be planted each year?
  • Mr. Alloo said the company will be planting 2000 hectares every year for the next five years to create 10,000 hectares. And Mr. Chilangwa is confident that the project will succeed owing to the favourable climatic conditions that supports the growth of oil palms. He cited the Luapula River valley as the best place that will support the plantation.
  • Will Kafue Sugar set up a 100 hectare oil palm nursery?
  • Mr. Alloo said this when Luapula Province Minister Nickson Chilangwa toured Kafue Sugar, a sister company in Lusaka’s Makeni area. He said that the company will initially set up a 100 hectares oil palm nursery in Mbereshi area before the 2019/20 rainy season.
  • Which climatic conditions will support the oil palm plantation?
  • And Mr. Chilangwa is confident that the project will succeed owing to the favourable climatic conditions that supports the growth of oil palms. He cited the Luapula River valley as the best place that will support the plantation. Mr Chilangwa has since assured Mr. Alloo of the Provincial Administration’s support to fulfill his company’s mission.