• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, June 24, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Ban The Export of Crude Palm Oil- Wilmar Africa Limited to Gov’t

May 6, 2022
Stephen M.Cby Stephen M.C
in Agribusiness
0
Ban The Export of Crude Palm Oil- Wilmar Africa Limited to Gov’t

Palm fruits

The Managing Director of Wilmar Africa Limited, Kwame Wiafe, has pleaded with the Government to ban the export of Crude Palm Oil (CPO) from Ghana to ensure local processors have access to the raw material for their activities.

Mr. Wiafe disclosed that many farmers managing oil palm plantations choose to sell their crude palm oil in neighboring countries because that provides them a lot of income.

 “A lot of the local plantation prefer selling their Crude Palm Oil outside where they will get better prices than selling to local refineries like us. So, I can tell you about 60% of locally produced Crude Palm Oil was being exported, so I had to go outside and bring in the stock at a higher cost. Talking about the current ban on CPO, it is happening in other countries like Ivory Coast and Indonesia, and the like. These countries are taking steps to ensure food security because of the current situation the world finds itself in.”

Kwame Wiafe
KWAME WIAFE WILMAR
Kwame Wiafe- CEO, Wilmar Limited

Speaking in an interview, Mr. Wiafe revealed that the stark difference in the numbers had led some stakeholders in the crude palm oil industry to warn of supply disruptions for cooking oil.

RelatedPosts

Dairy and Agribusiness Hold Untapped Billions For Ghana’s Economy

Ghana’s $2 Billion Food Import Bill: Agric Minister Calls for Urgent Reform

Farming Can Be Profitable—If We Fix This One Big Problem, Says DBG Economist

This, the stakeholders said would happen, on the Ghanaian market in the next 2 to 3 months if the ban on the export of palm oil from Indonesia isn’t lifted soon.

“The government could decide that in the meantime, to mitigate the supply risks, CPO exports should be banned. This will enable the refiners in the country to get some stock to mitigate the risk that will emanate from this ban.”

Kwame Wiafe

Ghana should follow Indonesia’s footsteps

Indonesia’s ban on palm oil exports which started on April 28, 2022, to address an ongoing shortage of cooking oil in the country, if not lifted, is expected to be most punishing to sectors manufacturing consumer products in Ghana and other parts of Africa, such as cooking oil, detergents, and snacks.

According to some agri-stakeholders in the Crude Palm Oil industry, the current ban on exporting the product by other countries like Indonesia requires that Ghana (a net importer of Crude Palm Oil) takes steps to protect its local stock.

Because Ghana is a net importer of palm oil, any pressure from the ban will weigh on the supply chain and drive prices up and affect availability, the agri-stakeholders stressed.

Available data shows that Ghana produced about 45,000MT of palm oil and imported over 400,000MT as of 2019 for local consumption and for manufacturing oil by-products.

READ ALSO: WFP to support 6 million people caught up in the world’s fastest-growing humanitarian crisis

Tags: Crude palm oil
Please login to join discussion
Previous Post

WFP to Support 6 Million People Caught up in the World’s Fastest-Growing Humanitarian Crisis

Next Post

E-levy: Outcome More Positive Than We Thought- John Kumah 

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

Dr. Ignatius Awinibuno, Diabetes, Awareness
General News

Health Ministry Launches School-Based Programme to Fight Diabetes

June 24, 2025
Mohammed Ahmed Polo
Sports

Didi Dramani’s Appointment Doesn’t Guarantee Success – Mohammed Polo

June 24, 2025
Minority Demands Reinstatement of Dismissed Bank of Ghana Staff, Workers, Law
General News

Minority Demands Reinstatement of Dismissed Bank of Ghana Staff

June 24, 2025
King Mswati III
General News

Ghana Hosts King of Eswatini to Deepen Diplomatic, Trade Relations

June 24, 2025
UK Warned To Prepare For Wartime Scenario
UK

UK Warned To Prepare For Wartime Scenario

June 24, 2025
Xi In Kazakhstan Ahead Of Second China-Central Asia Summit
Asia

China Voices Support For Iran In Achieving Genuine Ceasefire

June 24, 2025
Dr. Ignatius Awinibuno, Diabetes, Awareness
General News

Health Ministry Launches School-Based Programme to Fight Diabetes

by Silas Kafui AssemJune 24, 2025
Mohammed Ahmed Polo
Sports

Didi Dramani’s Appointment Doesn’t Guarantee Success – Mohammed Polo

by Evans Junior OwuJune 24, 2025
Minority Demands Reinstatement of Dismissed Bank of Ghana Staff, Workers, Law
General News

Minority Demands Reinstatement of Dismissed Bank of Ghana Staff

by Silas Kafui AssemJune 24, 2025
King Mswati III
General News

Ghana Hosts King of Eswatini to Deepen Diplomatic, Trade Relations

by Evans Junior OwuJune 24, 2025
UK Warned To Prepare For Wartime Scenario
UK

UK Warned To Prepare For Wartime Scenario

by Lawrence AnkutseJune 24, 2025
Xi In Kazakhstan Ahead Of Second China-Central Asia Summit
Asia

China Voices Support For Iran In Achieving Genuine Ceasefire

by Comfort AmpomaaJune 24, 2025
Dr. Ignatius Awinibuno, Diabetes, Awareness
Mohammed Ahmed Polo
Minority Demands Reinstatement of Dismissed Bank of Ghana Staff, Workers, Law
King Mswati III
UK Warned To Prepare For Wartime Scenario
Xi In Kazakhstan Ahead Of Second China-Central Asia Summit
[/vc_row_inner]

Recent News

  • Health Ministry Launches School-Based Programme to Fight Diabetes
  • Didi Dramani’s Appointment Doesn’t Guarantee Success – Mohammed Polo
  • Minority Demands Reinstatement of Dismissed Bank of Ghana Staff
  • Ghana Hosts King of Eswatini to Deepen Diplomatic, Trade Relations
  • UK Warned To Prepare For Wartime Scenario
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.