Olam International to Start Palm Oil Production in Gabon

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Olam International to Start Palm Oil Production in Gabon

By Antoine Lawson
 
April 5 (Bloomberg) — Olam International Ltd., a Singapore-based farm commodities trader, will invest 413 billion CFA francs ($890 million) in a palm oil project in Gabon, the African nation’s Ministry of Agriculture said.
 
The company plans to produce 280,000 metric tons of palm oil in the first phase of the project, the Libreville-based ministry said in an e-mailed statement yesterday. The first phase will start in October with a second phase in 2013, it said.
 
To contact the reporter on this story: Antoine Lawson in Libreville at ankolo@bloomberg.net
To contact the editor responsible for this story: Gordon Bell at gbell16@bloomberg.net