SIPEF: tropical crops, palm oil and bananas
SIPEF: Brussels-listed Belgian group with palm products in Indonesia and Papua New Guinea and Cavendish bananas in Côte d'Ivoire. USD 570.432m in 2025.
SIPEF is a Belgian agribusiness group listed in Brussels, producing palm products in Indonesia and Papua New Guinea and bananas in Côte d'Ivoire.
Belgium · Listed on Euronext Brussels
SIPEF is a Belgian agribusiness group incorporated in 1919 and listed on Euronext Brussels, with its headquarters in Schoten. It specialises in tropical crops: palm products from Indonesia and Papua New Guinea, and bananas from Côte d'Ivoire. Its subsidiaries include Tolan Tiga Indonesia, Hargy Oil Palms Ltd and Plantations J. Eglin, which manages the banana business. The group is in the final stages of phasing out its tea operations.
SIPEF's network of estates, mills and packing stations combines industrial crop commodities with fresh fruit. In the palm business, fresh fruit bunches are milled into crude palm oil and palm kernels, and the kernels are pressed into crude palm kernel oil. In Côte d'Ivoire, Cavendish bananas are harvested green, packed and exported, then ripened in ripening facilities close to the destination market before reaching shops.
Size of the business
SIPEF's revenue was USD 570.432 million in 2025. That year it reported 85,814 hectares of its own production area and 52,159 tonnes of bananas actually produced.
Does SIPEF produce only palm oil?
No. Bananas from Côte d'Ivoire are also an important part of its business.
Is Plantations J. Eglin a separate group?
No. Plantations J. Eglin is the SIPEF subsidiary that manages the banana business.
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