Pure Oil asks Govt for farm to produce soya beans

Use EcoCash to buy NetOne & Telecel airtime online. Tap here

After a tour on Thursday of Pure Oil, Trade Kings and Chloride, head of operations, Ron Musiiwa, revealed that Pure Oil Industries which is a 40 percent associate company of National Foods Limited, has asked Government to provide 150 000 hectares of farmland to enable the company to produce soya beans. The company said it had identified farmers to be supported under contract farming, with a total 2 000 ha expected to be put under the soya bean crop this season. An estimated $2 million will be invested in equipping and capacitating contracted farmers.

Pure Oil Industries accounts for 70 percent of Zimbabwe’s monthly cooking oil requirements amounting to 10 million litres, but relies on crude imports to meet its production needs. The company which is operating at 40 percent of crushing capacity and 85 percent processing potential, commands the largest local market for cooking oil at 60 percent. Cooking oil imports commanded 85 percent of the market before their share drastically fell after Government introduced import tariffs regimes and import duties.

More:Herald

WhatsApp Discussions

Click to subscribe to a Pindula WhatsApp Group:
https://chat.whatsapp.com/Izta0JDTKRSCYCkWEHtUAg

If you find the group full, please notify us on +263 777 707 852 and we'll update the link.

Daily Email Brief

Get the top news delivered to your inbox every day.

Leave a Reply

Your email address will not be published.