Despite the drop in turnover in 2023 of the company Ocho Sur, which produces palm oil for export, expectations for 2024 are promising and accompanied by a robust investment plan.

Supported by two key factors such as productivity and the price of crude palm oil, sales are expected to reach between 55 and 60 million US dollars in 2024 according to Michael Spoor, CEO of the company Ocho Sur. According to Alfonso Morante, CFO of Ocho Sur, the international price of crude palm oil has stabilized at around 850 US dollars per ton, after reaching high levels after the pandemic. The latter believes that “the current price is favorable and attractive. If we manage to increase fruit production in our fields and, at the same time, the palm farmers who supply us increase their production, we should reach these sales levels