Who invests in palm oil sector-related lslas in Africa?
Palm oil sector-related LSLAs in Africa are dominated by foreign investors, from stock exchange-listed, public, and private companies, to individual entrepreneurs from countries across the globe.
Where does South Africa export palm oil?
The main destinations of South Africa exports on Palm Oil were Zimbabwe ($15.3M), Zambia ($5.3M), Namibia ($1.72M), Eswatini ($1.67M), and Botswana ($1.49M). In 2022, South Africa imported $618M in Palm Oil, mainly from Indonesia ($483M), Malaysia ($132M), Singapore ($971k), Italy ($462k), and Sweden ($295k).
Where did oil palm trees come from?
The African oil palm tree ( Elaeis Guineensis) is native to West Africa, where it was originally used as a staple food crop, its use has been dated to as far back as 3,000 BC Egypt. During the 1800s, with the advent of the Industrial Revolution, it was brought to South-East Asia as a cash crop by European traders.
What happened to South Africa’s palm oil exports in 2023 & 2024?
Between April 2023 and April 2024 the exports of South Africa ‘s Palm Oil have decreased by ZAR-2.47M (-7.02%) from ZAR35.1M to ZAR32.7M, while imports decreased by ZAR-339M (-35.4%) from ZAR958M to ZAR619M.