hot sale are vegetable oils healthy? cnn in tanzania

   
hot sale are vegetable oils healthy? cnn in tanzania
                                               
                                               
                                               
                                               
  • hot sale are vegetable oils healthy? cnn in tanzania
Does Tanzania have a shortage of edible oil?

While the local and regional market for edible oils is large and growing, local supply in Tanzania is not keeping up. Given a shortfall of 360K metric tons, Tanzania imports over 60% of the country¡¯s cooking oil. This costs USD 250M in palm oil imports every year, making it the sector with the second highest foreign exchange transactions by value.

What is the demand gap for edible oil in Tanzania?

Much of the demand gap is currently met by imported edible oil (60% across all edible oils, 55-70% for sunflower oil) (Salisali, 2017). The GoT wants to reduce Tanzania¡¯s dependence on imported edible oil by boosting domestic oil seed production and downstream oil processing capacity.

Does Tanzania import cooking oil?

Given a shortfall of 360K metric tons, Tanzania imports over 60% of the country¡¯s cooking oil. This costs USD 250M in palm oil imports every year, making it the sector with the second highest foreign exchange transactions by value. However, the country has a large and growing refined sunflower oil industry that can substitute these imports.

Should SMEs invest in edible oils in Tanzania?

In particular, the team found that large Tanzanian companies are well positioned to make this investment; investors can source raw materials from local SMEs, which would experience higher productivity from rising demand. In late 2017, the USAID team designed a three-phase feasibility study for the edible oils sector.