Africa can easily fill EU’s void if palm oil ban enforced - News Summed Up

Africa can easily fill EU’s void if palm oil ban enforced


KUALA LUMPUR: The African market is capable of filling the void created by the European Union (EU) market if the bloc’s parliament carries on with the ban on palm oil biofuels from 2021. In North Africa, where vegetable oil consumption was about three million tonnes in 2016, Martielli said this could grow to more than four million tonnes in 2030. East Africa’s could jump to nearly three million tonnes from about one million tonnes in the same period. In 2016, Africa imported eight million tonnes of vegetable oils and 60% to 65% of that consisted of palm oil. The continent itself produced roughly six million tonnes of vegetable oils that year, while it demanded about 10 million tonnes.


Source: The North Africa Journal March 08, 2018 02:03 UTC



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