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Palm Oil: Bleak Outlook In 2022’s First Quarter

The palm oil sector will be less dynamic in Cameroon between January and March 2022, the Central Bank of Central African States (BEAC) reveals in its recent quarterly business survey. Due to the aged plantations and high unit costs of production in areas affected by the security crisis, the palm oil production outlook is negative for the first quarter of 2022, the central bank said in the survey. The aging oil palm plantations whose yields are now below average and the socio-political crisis raging in the Anglophone regions since late 2016 have contributed to the increase of p...

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