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Deal #3272 Version #59790

Côte d'Ivoire

Created at

2013-03-01

Last update

2019-08-27

Last full update

2024-02-27

Land area

Intended size

5 000 ha

Size under contract (leased or purchased area)

[2009, current] 5000.0 ha

Size in operation (production)

[2013] 1886.0 ha
[2015, current] 1900.0 ha

Comment on land area

A further 500 hectares will be planted in the near term close to the Mill.

Intention of investment

[current] Agriculture unspecified

Nature of the deal

Lease

Negotiation status

[2009, current] Concluded (Contract signed)

Implementation status

[2009] Startup phase (no production)
[2013, current] In operation (production)

Comment on implementation status

First plants produced in 2009 from the Nursery

Leasing fees

Comment on leasing fee

The government has granted a 13 year tax exemption on profits from the palm oil mill.

Contract farming

Yes

Not on leased / purchased (out-grower)

Yes

Not on leased area/farmers/households (out-grower)

[current] 27000.0 ha

Comment on contract farming

In the area of Ayenouan, contract farmers get paid to a percentage of the net profits derived from the palm oil produced from their land. In 2015, the company signed a groundbreaking agreement with a smallholder, whereby the smallholder will be partly paid in company shares in exchange for palm fruits.