Oil Palm Expansion in Sub-Saharan Africa

Brochure

Service in Brief

The Challenge for Reliable Data

Sub-Saharan Africa has been a fast-emerging producer of palm oil for the past 15 years, with huge foreign investments in plantation companies, yet its official data on oil palm are imperfect and inconsistent. First, there is no inventory of traditional palm groves, which are usually fully integrated in family farms activities. Second, there is no inventory of palm varieties in land areas. The most frequently observed varieties on family farms and in industrial plantations are dura and tenera, respectively, with occasional open pollination between dura, tenera and pisifera; consequently, an important disparity is observed in the FFB (Fresh Fruit Bunches) yield within one country. Third, we observe some delay in expanding plantations due to local population strikes or the denunciation of deforestation, and huge investments have sometimes silently collapsed. In order to produce the coherent outcome presented in this report, we have undertaken a painstaking process to evaluate and reconcile conflicting data on area, yields, extraction rates and production. Over the course of many months, we have analyzed these data, cross-checking them with (agro industrial) plantation companies. The result is a consistent baseline dataset, unavailable elsewhere, which provides a strong foundation for our report.

Benchmarking the Performance of Plantation Companies

The Oil Palm Benchmark provides a forward-looking, detailed view of the sector in sub Saharan African countries. Among its core features are the productions of FFB, CPO (Crude Palm Oil) and CPKO (Crude Palm Kernel Oil), by individual companies during the period 2010-2018. The key metrics presented include:

· Ownership Structure and shareholders’ description;

· Palm Oils Production, taking into account: evolving age profile of trees, growth in oil palm areas, planting/replanting rates, yield developments and underlying yield growth, extraction rates, and outsourcing (through smallholder’s alliances);

· Sustainability concerns and commitments;

· Latest Investments such as mills, new kernel crushing plant, growth in oil palm areas, stakeholder’s strategic alliances;

· Downstream Processing: refining, fractionation and bottling operations

Our report also covers the Performance Benchmarks. The key performance indicators include: FFB yield, plantation maturity (assessing how reported yields are affected by the age distribution of their estates), extraction rates and efficiency for individual palm oil companies compared with their peers (companies with a similar area under palm) as well as with Asian averages. Finally, our report reveals the True Profitability of African companies against their competitors by comparing return to scale and sensitivity of profits.

Scope of the Service

The benchmarking service features the following countries and companies:

Countries Featured Companies

Cameroon

Cameroon Development Corporation (CDC), PAMOL Plantations (PAMOL), Sithe Global Sustainable Oils Cameroon / Herakles Farms Cameroon (SG SOC), Société Anonyme Forestière et Agricole du Cameroun (SAFACAM), Société Camerounaise des Palmeraies (SOCAPALM), Société des Palmeraies de la Ferme Suisse (SPFS)

Congo-Brazzaville Atama Plantation (APS), BioCongo Global Trading, Eco Oil Energie, ENI Congo, Lexus Agric

Gabon Olam Palm Gabon (OPG), Siat Gabon (Siat), Société Gabonaise de Transformation Agricole (SOTRADER)

Ghana

Benso Oil Palm Plantation (BOPP), DOS Palm Oil, Ghana Oil Palm Development Company (GOPDC), Norwegian Palm Ghana (NGL), Plantations Socfinaf Ghana (PSG), Twifo Oil Palm Plantations (TOPP), Symboil, Volta Red

Guinea K Global Ventures (KGV), Peak Palm Oil, Société Guinéenne de Palmier à Huile et d’Hévéa (SOGUIPAH), Farm Land of Africa (FLAI)

Ivory Coast

Agro-Industrie Variée (AGRIVAR), DekelOil (DEKELOIL), Groupe "Société immobilière et financière de la côte africaine" (PALM-CI), Palmafrique (PALMAFRIQUE), Société des Caoutchoucs de Grand-Béréby (SOGB), Société Internationale de Plantation et de Finance en Côte d’Ivoire (SIPEF CI)

Liberia Equatorial Palm Oil (EPO), Golden Agri VerOleum Liberia (GVL), Liberian Palm Developments (LPD), Maryland Oil Palm Plantation (MOPP), Sime Darby Plantation (Liberia) (SDPL)

Nigeria

Ada Palm, De United Food Industries, Flour Mills of Nigeria (AGRI PALM), (Fri-el) Abia Palm Company, Okitipupa Oil Palm (OOPC), Okomu Oil Palm (OKOMUOIL), Ore-Irele Oil Palm Company, Presco PRESCO), Real Oil Plantations, PZ Wilmar, Siat Nigeria (SNL)

RDC

Brabanta, Congo Oils and Derivatives (COD), Groupe agro-pastoral (GAP), Miluna, Plantations et Huileries du Congo (PHC), Société commerciale et industrielle Bemba (SCIBE), Société des plantations au Congo (SOPLANCO), ZTE Agribusiness Congo

Sierra Leone African Palm Oil, BioPalm Energy, Goldtree, Nedoil, Quifel Agribusiness, Sepahan Afrique, Sierra Leone Agriculture (SLA), Socfin Agricultural Company (SAC)

Deliverables, Fees and Timing

What you get

· Report - electronic file

· Reporting on individual company metrics in Excel format - Clients are able to select companies of their choice and create their own customized benchmarking service.

When

The Oil Palm Expansion in Sub-Saharan Africa report - release in December 2018

Fee

The Oil Palm Expansion in Sub-Saharan Africa report - € 3,600 or USD 4,3001

Confidentiality

This report is offered by FAT & Associés for subscription with the strict understanding that the subscriber agrees to the following: the content of the report and related materials provided shall remain confidential within the subscribing organization, and shall not be disclosed, in whole or in part, in any matter, to any third party, without the prior written consent of FAT & Associés.

About FAT & Associés

FAT & Associés is a privately owned business intelligence company, exclusively serving the

Oilseeds, Oils & Lipids Industry since 2010. Our key strengths include:

· Our Specialized Expertise - We all have worked in the Oilseeds & Oils Sectors, so we know and understand the Issues and Rules

· Our Proprietary Tools and Business Intelligence - patent & publication mining, consumer blog mining, B2C consumption estimate & projection, farming costs structure & crop competition, Monte-Carlo simulation, price forecast models

· Our Objectivity - Being independent, our work is unbiased, and our conclusions are based on objective analysis

· Our Global Reach - Our staff travel to some 20 countries a year, participate in international conferences, and build on an extensive body of research and a global network to answer specific questions

1 Value added tax is not included in this figure.