Cameroon targets to boost crude palm oil production by 20,500 more tonnes in 2026

Cameroon has set an ambitious target to boost crude palm oil production by an additional 20,500 tonnes in 2026, as outlined in the government’s Economic and Financial Program presented by the Prime Minister. This initiative forms part of a broader strategy to enhance self-sufficiency in key agricultural sectors and curb reliance on costly imports that strain the national budget. The plan aligns with ongoing investments, including two loans totaling CFA51.7 billion (about US$91.86 million) from Standard Chartered Bank London, nearing finalization to fund a new palm oil processing plant and a rubber facility for the Cameroon Development Corporation (CDC). These projects aim to strengthen the value chain from plantations to processing, addressing chronic gaps in industrial capacity. Despite a strong Q1 2025 performance, where output tripled to 77,630 tonnes amid peak harvest season, full-year production is projected to dip 2% from 2024’s 446,984 tonnes. Cameroon’s crude palm oil ...