General

Cooking oil production in Angola above 100% from January to July 2024

Summary

Angola produced 52,036.3 kiloliters of cooking oil, from January to July this year, representing a growth of over 100 percent compared to the same period of 2023.

A note from the Ministry of Industry and Trade, to which ANGOP had access on Monday, i…


Angola produced 52,036.3 kiloliters of cooking oil, from January to July this year, representing a growth of over 100 percent compared to the same period of 2023.

A note from the Ministry of Industry and Trade, to which ANGOP had access on Monday, indicates that production, from January to July, last year was 18,628.7 kiloliters.

The growth, the note says, is part of the Executive’s decision to regulate the import of this product from the basic food basket.

According to preliminary data on the evolution of the productive sector assessed by the Economic Team (EE), for example, in monthly terms, production grew by 4.3% between June and July of this year, from 6,983.7 kiloliters to 7,286.3 kiloliters.

The largest producers of cooking oil in the country are Grupo Cart, which has a refinery, Sovena and Induve, both with filling lines, and Grupo Naval, whose refinery starts producing next November, in addition to Angoalisar, which will operate from 2025.

For full integration, the Executive’s focus is now on t
he production of soybeans and sunflowers.

On the other hand, the document adds that the Italian company ENI will create more than 100,000 jobs in Angola, through investment in the production of close to 120,000 tons of cooking oil, from cereals produced in an area of about 150,000 hectares

Source: Angola Press News Agency