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Palm oil: Nigerian actors discuss production and trade

15/03/2024
Source : ORISHAS-FINANCE
Categories: Companies

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In order to discuss regulations pertaining to palm oil production and trade in Nigeria, a meeting was held from 12 to 14 March 2024. Discussions took place between experts and industrialists from member states of the Economic Community of West African States (ECOWAS) that produce palm oil and those from the Department in charge of Economic Affairs and Agriculture of the ECOWAS Commission

.

The meeting, which ended on Thursday, is part of the meeting's objective to provide measurable metric thresholds based on palm oil production capacity. The head of the ECOWAS National Office in Nigeria, Yakubu A. Dadu, called on participants to deepen discussions on palm oil production capacity in the region, to analyze import and export data, to identify and understand the challenges faced by the sector under the SLE and to propose sustainable solutions to

address these challenges.

In addition, Massandjé Touré-Litse, ECOWAS Commissioner for Economic Affairs and Agriculture, identified the context related to the cross-border movement of palm oil in the Community under the Trade Liberalization System in the Community as part of the Trade Liberalization System and the disagreements related to origin between certain Member States with different... negative impacts on the sector, justify the organization of this meeting with palm oil producing countries and palm oil producers to discuss challenges and the way forward to strengthen the

sector.
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