A team of investors from Palnorte, a company that owns and operates palm oil mills in Colombia, met with Agriculture Minister, Zulfikar Mustapha on Wednesday to discuss the possibility of establishing a local palm oil industry.
A release from the Ministry of Agriculture said that during the meeting, Mustapha said that the government has declared Guyana open for business and was prepared to work with both the local and overseas-based private sector companies.
Although Guyana was once a producer of palm oil at Wauna in the north west, the industry has been dormant for many years as no new plantations have been developed.