• the palm oil press machine market and price outlook in Lusaka
  • the palm oil press machine market and price outlook in Lusaka
  • the palm oil press machine market and price outlook in Lusaka
  • the palm oil press machine market and price outlook in Lusaka
  • How will the palm oil industry perform in the future?
  • Crude palm oil mills: Business performance is expected to gradually improve, supported by a recovering domestic market, an increase in tourism, the expansion of the commercial transportation sector, and government measures promoting biodiesel consumption.
  • How did palm oil market perform in 2024?
  • Domestic sales strengthened in 2024 on heavier demand for use in the transport industry, although consumption of refined palm oil contracted (Table 2). Demand for crude palm oil inched up 0.3% to 2.49 million tonnes.
  • How did palm fruit & palm oil output perform in 2024?
  • Domestic palm fruit and palm oil output hit new highs in the year (Figure 6). In detail, the Office of Agricultural Economics estimates that in 2024, the total area yielding oil palm fruits increased 1.5% to 6.34 million rai and as such, outputs climbed to 18.6 million tonnes, a 1.9% improvement on the previous year’s 18.3 million tonnes.
  • Where is the oil palm industry located?
  • The domestic industry is very geographically concentrated, and 85.9% of the harvested area* covered by oil palm plantations is in the south of the country 7/, clustered in particular in the provinces of Surat Thani, Krabi, and Chumphon, which together are home to some 57.4%* of the country’s oil palm plantations.
  • How much palm oil is produced in the world?
  • As of 2024, global production of palm oil totaled 76.3 million tonnes, while worldwide consumption total of 75.1 million tonnes, figures that represent respectively 34.4% and 34.6% of total global vegetable oil production and consumption.
  • What is the outlook for palm oil refiners?
  • Palm oil refiners: Business performance is expected to continue growing, driven by an anticipated 3.0%-4.0% increase in demand for crude palm oil for refining. This growth aligns with the expansion of the food industry, supported by the recovery of the tourism, hotel, and restaurant sectors.