Can mmmz make sunflower oil more widely available in Zambia?
The company will buy all sunflower produced by contracted out-growers. MMMZ wants to make sunflower oil more widely available in Zambia through this project. Sunflower oil is more nutritious than other edible oils and if processed from locally produced seed can be sold at prices which are affordable to low-income consumers.
Who sells edible oil in Zambia?
They hold about 45% of the Zambian edible oil market. MMMZ has their own processing plant with an oilseed crusher (200,000MT/annum capacity) and an edible oil refinery (140,000MT/annum capacity). They sell refined oil to wholesalers and the hotel industry, big retailers and also offer oil through dispensers via smaller outlets.
Is palm oil sustainable?
Production of palm oil that complies with voluntary sustainability standards is growing at a faster rate than conventional production. Standard-compliant production increased by 110% from 2008 to 2016, while conventional production increased by 2%.
Which country exports the most palm oil in the world?
Of the 60 million tonnes of oils and fats exported around the world, palm oil and palm kernel oil made up close to 60%; Malaysia, with 45% of the market share, dominated the palm oil trade. Production of palm oil that complies with voluntary sustainability standards is growing at a faster rate than conventional production.