What are the main sources of edible oil in Tanzania?
The major sources of edible oil in Tanzania include sunflower, oil palm, groundnuts, sesame, soya beans and cotton. Experts4 report that oil palm, coconut and avocado as the leading edible oil producing value chains per unit area, worldwide.
Does Tanzania import cooking oil?
Given a shortfall of 360K metric tons, Tanzania imports over 60% of the country¡¯s cooking oil. This costs USD 250M in palm oil imports every year, making it the sector with the second highest foreign exchange transactions by value. However, the country has a large and growing refined sunflower oil industry that can substitute these imports.
What is the demand for edible oil in Tanzania?
The demand forecast shows an increase from 570,000 tons to 700,000 tons of edible oil by 2030; and, Tanzania guarantees the market growth for investors in the foreseeable future. The major sources of edible oil in Tanzania include sunflower, oil palm, groundnuts, sesame, soya beans and cotton.
How can the got reduce Tanzania’s dependence on imported edible oil?
The GoT wants to reduce Tanzania¡¯s dependence on imported edible oil by boosting domestic oil seed production and downstream oil processing capacity. In 2016 the GoT implemented a 10% tariff on imports of CPO as one mechanism to support this objective, but stakeholder views on the merits of the tariff policy are mixed.