solon high oil yielding oil processing plant in zimbabwe

   
solon high oil yielding oil processing plant in zimbabwe
                                               
                                               
                                               
                                               
  • solon high oil yielding oil processing plant in zimbabwe
Who is zimgold Oil Industries (Pvt) Ltd?

Harare- Zimgold Oil Industries (Pvt) Ltd, the largest producer and marketer of cooking oil in Zimbabwe, is looking to raise US$5 million through the private placement of a commercial paper. The company is in the business of processing oil seeds, extracting vegetable oil, and refining crude oil into edible oil for the local market.

What is the oil-to-edible-oil value chain in Zimbabwe?

Zimbabwe's oilseed-to-edible-oils value chain is concentrated around three seeds: soya bean, cotton, and sunflower, which are mainly used for the production of cooking oil for household and industrial use. Given the limited quantities in local production of oilseeds, edible-oil producers make use of import markets to source oilseeds.

Why is zimgold a major producer of cooking oil in Zimbabwe?

The limited quantities of oilseed production in Zimbabwe have resulted in the dependence on imports. Zimgold has grown rapidly and invested in multiple categories, becoming the largest producer and marketer of cooking oil in Zimbabwe.

How does zimgold source soya beans & sunflower seeds?

Zimgold intends to source soya beans locally during the grain marketing season, capitalizing on the locally available soya beans and sunflower seeds. However, local suppliers of soya beans and sunflower seeds prefer payments in USD, making it necessary to approach the market through a debt instrument.