The government of Cameroon has committed to become an emerging economy by 2035, and the agricultural sector has a major role to play in achieving this goal. Cameroon is committed to expand its production of oil, and to address its current net balance of trade (as of 2012, Cameroon imports 50,000 tons of palm oil per year).
Does Cameroon need more palm oil?
Cameroon is committed to expand its production of oil, and to address its current net balance of trade (as of 2012, Cameroon imports 50,000 tons of palm oil per year). There are concerns that leasing large tracts of forest to the international agricultural industry is not the way to address the demand for palm oil.
Can the palm oil industry develop sustainably in Cameroon?
With Cameroon committed to grow its domestic production of palm oil, there are concerns that the price of this expansion will be paid in the country¡¯s forests. This working paper seeks to stimulate a debate to ensure that the palm oil industry can develop sustainably in Cameroon.
Who is Cameroon agro-industrial company?
It is the third largest Agro-industrial company operating within the oil palm sector in Cameroon. It was created in July 1996 after the liquidation of a former company that was incorporated as far back as 1928.