Nigeria’s largest oil palm producer, Presco Plc, said today it’s acquiring 10,000 hectares across the Nsadop and Boki plantations in Cross River State in its latest expansion move.
The palm oil maker said the acquisition will significantly expand its production footprint and strengthen the company’s ability to meet the rapidly growing domestic demand for edible oil products.
It also sees the new move unlocking new agronomic potential while securing a broader raw material base to support higher processing and refining throughput across Presco’s value chain.