Palm Oil
The Anambra State government has distributed 2 million palm seedlings to over 180,000 households in the past two years to boost agriculture and food security. This initiative supports the 'One Family, 20 Palms' project launched by Alpha Palm City Estate Development Limited. Officials aim to revive palm production in the southeast, drawing lessons from Malaysia's success.
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Posco International has completed the full value chain of its palm oil business by acquiring a 65.72 percent stake in Indonesian plantation firm Sampoerna Agro for $566 million. The total investment is expected to reach $862 million due to a mandatory tender offer for minority shares. The deal adds 128,000 hectares to its operations, bringing the total global agricultural base to 150,000 hectares.