São Tomé and Príncipe

The insular position of São Tomé and Príncipe has not prevented the development of a wide range of agricultural crops. Surprisingly, though, the Chocolate Island, as it is often called, has presently only 45,8% of its land under cultivation.

The inhabitants of São Tomé and Príncipe like to cook with palm oil, however, local production is insufficient to meet domestic demand. This has resulted in overpriced palm oil, forcing the population to reduce its daily consumption.

Agripalma

The flourishing palm groves of Agripalma are the only industrial oil palm plantations in the Republic of São Tomé and Príncipe.

Given the huge need for palm oil to meet local market demand, the São Toméan government has decided to introduce investment policies to attract agro-industrial investors. In 2009, São Tomé and the Socfin Group concluded an agreement for the creation of Agripalma, a concession of just under 5 000 hectares in the south of the island to be used for industrial oil palm cultivation.

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