African Palm Oil
p. 11 · Read in the full issue
Mills Close Down
THE following, from a recent copy of a German oil journal (June 25, 1931) has a bearing upon the production of palm oil and palm kernel oil, which is a competitor of coconut oil: Belgian Congo—Oil Industry: Com pagnies Reunies des Raffineries du Congo Beige, and Savonneries Lever Preres, owners of large oil mills in Belgian Congo, have decided to close down part of their plant, owing to un favourable selling prices for palm oil and palm nuts. These mills produce a total of 20,000 tons of palm oil. Hull eries due Congo Beige made a net profit of 19,280,593 frs. for the 18 months period ending in 1931 compared with 27.353 980 frs. for 1928-29.