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Is Nigeria a net importer of palm oil?
As explained below, Nigeria was a net importer of palm oil during the period under review. Imports have been increasing between 2005 and 2009. On average 23% of consumption comes from imports especially from West Africa (Table 2). Since Nigeria is an importer of palm oil, the CIF price was taken as the benchmark price.
Where do you operate edible oil processing & refining?
We operate edible oil processing and refining and Mozambique where we refine crude vegetable oils and market refined, bleached and deodorised palm oil, palm olein and refined soybean oil to supply customers in the region.
Which companies are involved in the export of palm oil?
Dijesr Fennimol specialize in the export of palm oil, coconuts, cocoa seeds and honey. Mishgides Ventures is a palm oil and coconut oil producing company who also engage in exportation of palm oil. Treasures Multi Agro Industrial Investments Limited is a specialist company into production of processed palm oil (brand - Treasure Special Palm Oil).
Where do you source palm oil?
We source palm oil from third-party suppliers and Malaysia, prioritising RSPO members, who account for 90% of our supply. We work with suppliers to uphold our Responsible Palm Oil Policy, investigate non-compliance, and request corrective actions when required.