500.6bn/- Allocation to Transform Edible Oil Production in Tanzania

TLDR

• DODOMA: THE government has allocated more than 500.6bn/- to transform edible oil production as part of a broader plan to eliminate a deficit of about 427,068 tonnes, Agriculture Minister Daniel Chongolo has said.
• Speaking at the National Investment Forum on the Edible Oil Value Chain in Dodoma recently, Mr Chongolo said Tanzania requires about 732,974 tonnes of edible oil annually, while current domestic production stands at.
• We spend more than 200 million US dollars every year importing edible oil.
• She said the regulations, signed by the Minister for Agriculture in April this year, are intended to ensure that edible oil importers also contribute to expanding domestic production.
• He said the 10-year edible oil industry development plan aims to increase sunflower and palm oil production to achieve self-sufficiency and eventually generate a surplus for export.