The recent increase in duties on the import of crude and refined edible oils has resulted in an increase of about ?2,500 on every tonne of an FFB (Fresh Fruit Bunch) of oil palm, bringing cheers to thousands of farmers in the country.
Are we concerned about the sustainability of the oil palm industry?
Though we are happy at the moment, we are concerned about the sustainability,¡± Pullaiah, an oil palm farmer from Badradri Kothagudem district, told businessline.
How much palm oil does phibella produce a day?
Belayneh Kindie Group (BKG) said Phibella Industrial complex as been producing 1,500 tons of palm oil a day, which is the leading in Africa, using the imported fruit of the oil palms from China, Indonesia, Switzerland and others with a view to satisfying the national local palm oil consumption as well as to beefing up export market.