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Côte d’Ivoire ranks as Africa’s second largest producer of crude palm oil (CPO); trailing just behind Nigeria’s production, it is a pivotal player in the sub-Saharan regional market.
Côte d'Ivoire is one of the leading producers of palm oil in Africa, with annual production exceeding 500,000 metric tons since 2018. The country consumes over 75% of its palm oil production domestically, with palm oil being a staple for 90% of the population. The high domestic demand for palm oil outstrips supply, creating intense competition for fresh fruit bunches (FFB).
After the 2023/24 El Niño cycle, fishmeal production in marketing year (MY) 2024/25 is expected to recuperate back to 1.1 million metric tons (MMT), a 39 percent increase compared to the previous year's estimates.
Peru is the largest fishmeal producer in the world. Fishmeal production in marketing year (MY) 2023/24 is forecast at 1.18 million metric tons, a 23 percent increase compared to the previous year's estimate.
Côte d’Ivoire has become one of the major palm oil producers on the continent. Since 2018, the country has produced more than 500,000MT yearly. Currently, production is expected to increase 26 percent in MY2022/23 while demand outweighs supply.
Fishmeal exports reached a surprising 1.2 million metric tons (MMT) in MY 2021, the highest amount in ten years. However, production and exports are forecast to return to more normal levels at 910,000 and 896,000 metric tons, respectively.
Fishmeal production in MY 2021/2022 is forecast at 900,000 MT. Fishmeal exports in MY 2021/2022 are estimated at 894,000 MT, remaining at the same levels as the previous year.
For over a decade, Peru has been one of the world’s top performing economies, registering sustained high growth accompanied by low inflation.
Peru's 10-year moratorium on genetically engineered (GE) crops and zero tolerance for GE events is scheduled to expire in 2021.
The West African nations of Côte d’Ivoire, The Gambia, Ghana, Nigeria, and Senegal are home to some of the largest cities in the region...
Fishmeal production in marketing year (MY) 2019/2020 (January-December 2019) is estimated at 890,000 MT, falling 25 percent compared to the previous year.
Peru is the world's leading fishmeal exporter. Fishmeal production for MY2017/2018 is up 29 percent over the previous marketing year.