Core Viewpoint - The Cameroonian government aims to increase palm oil production by 20,500 tons by 2026, supported by new financing agreements totaling 51.7 billion CFA francs (approximately 9.2 million USD) with Standard Chartered Bank for the construction of a rubber and palm oil processing plant [1] Group 1: Production Goals and Financing - The target of increasing palm oil production is set against the backdrop of new financing [1] - The funds will be utilized to build a palm oil processing plant and a rubber processing plant under the Cameroon Development Corporation (CDC) [1] Group 2: Current Production and Demand - Domestic crude palm oil production reached 77,630 tons, nearly three times that of the previous quarter, influenced by the agricultural peak season [1] - Despite the increase in production, the industry still fails to meet domestic demand, with a year-on-year production decline of 10.6% [1] - The government projects a 2% decrease in total production for the year 2025 [1] Group 3: Structural Supply Gap - In 2024, Cameroon is expected to produce 446,984 tons of crude palm oil, significantly below local market demand [1] - There is a structural supply gap exceeding 500,000 tons per year, leading to a high dependency on imports [1] - From 2017 to 2023, Cameroon imported 40,900 tons of palm oil, with import expenditures amounting to 280.4 billion CFA francs (approximately 49.7 million USD) [1]