Buy Ghana Palm Oil Directly From Exporters & Suppliers - Best of 2024 Market Prices

Ghana palm oil industry now grosses over $60 billion every year worldwide. Palm oil is also the leading vegetable oil accounting for more than 35% of all production from oilseeds. 

The price of palm oil has risen from about $350 per hectare to an average of $1300 per hectare in 2018.

In Ghana, palm oil is the second most crucial cash crop behind cocoa. 

Ghanaian palm oil is mostly used in the food industry, but it can also be used to make biofuel.

Elaeis guineesis is the scientific name for the African oil palm. The African oil palm originated on the west and southwest on the African continent. The plant is characterized by multiple stems that can reach heights of up to 20 meters. The stems of the oil palm have pinnate leaves of between 3 to 5 meters long.  

The fruit of the oil palm has a red pulp and is about the size of a big plum. It is from this fruit and its seed that palm oil is extracted. 

Ghana palm oil is grown in an area of approximately 350,000 hectares. There are two main types of oil palm plantations in Ghana;

• Estate – These types of farms mostly belong to large multinationals and produce about 12% of the total production in the country. 
• Small-scale – These plantations are owned and operated by local individuals or small groups, and they account for most of the production in the country.

Alexander Cecil was the first person to start an oil palm plantation in Ghana. Ghana currently produces over 2 million tons of palm oil every year. The main palm oil-producing areas are found in the eastern part of the country. 

In Ghana, there are two significant varieties of oil palm; Dura and tenera. Dura is mostly grown by small scale farmers and is the popular variety. Palm oil from the dura variety is more preferred in the food industry due to its excellent level of unsaturation. 

The tenera variety has a high content of palmitic acid compared to Dura. 

Oil palms thrive in humid and tropical areas. Temperatures of these areas range from 22°C to a maximum of 33°C. Oil palms can grow in a wide variety of soils, but they excel in fertile loamy soil. Palm oil in Ghana is produced in areas that experience north of 1200mm of bimodal rainfall. 

 Palm fruits are harvested through every month of the year. The harvesting is mainly done by women by using cutting tools such as knives. Once the palm oil is processed, it is packaged in jerricans ready for export. 

Ghana exports more than 15,000 metric tons of palm oil every year. Major export markets for Ghanaian palm oil include China and India. 

Palm oil is ranks high on the list of products with the highest demand in the world. On our website, the Ghanaian palm oil industry is only a few clicks away. Through the platform, users can trade in Ghana palm oil irrespective of their geographical location. Register now to learn more about this fantastic opportunity.