Please note: you are viewing an old version of this deal. The current version can be found here: Deal #4520

Deal #4520 Version #68114

São Tomé and Principe
Created at
2014-10-22
Last update
2020-05-09
Last full update
2021-04-07

Land area

Intended size
4 917 ha
Size under contract (leased or purchased area)
  • [2010, current] 4917.0 ha
Size in operation (production)
  • [2014, current] 2209.0 ha
Comment on land area
Invest 40 million euros in the project.

Intention of investment

Intention of investment
  • [current] Agriculture unspecified
Comment on intention of investment
Oil palm for domestic use as cooking oil. A processing plant was opened in 2019 which will mostly serve the export market. The company website states that max 60% of the area is to be used for oil palm.

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
  • [2009] Intended (Under negotiation)
  • [2010, current] Concluded (Contract signed)
Comment on negotiation status
Another report states that the company acquired the land in 2013.

Implementation status

Implementation status
  • [2011, current] In operation (production)
Comment on implementation status
Company is accused of clearing land which is located outside of their concession area.

Contract farming

Contract farming
Yes
Not on leased / purchased (out-grower)
Yes
Not on leased area/farmers/households (out-grower)
  • [current] 100.0 ha
Comment on contract farming
Forty farmers formed a cooperative. The area of ​​their operations varies from 2 to 5 ha. The company provides them with seeds, fertilizers. By the end of the year, their plantations should cover approximately 100 ha. The company hopes that they provide about 20% ofAgripalma's production.