Presco PLC Expands in Nigeria and Ghana to Meet Growing Demand for Palm Oil
Presco PLC, Nigeria's largest oil palm producer, has acquired 10,000 hectares across Nsadop and Boki plantations in Cross River State as part of its expansion strategy. The acquisition, valued at $171.6 million, includes the Ghana Oil Palm Development Company (GOPDC) and Saro Oil Palm Limited.
This strategic move is expected to enhance Presco's production capacity, strengthen its leadership position, and secure a long-term supply chain. The company's focus on sustainable agriculture and community development is highlighted through its commitment to responsible land stewardship and social investment frameworks.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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