The National Federation of Oil Palm Growers of Colombia (FEDEPALMA) was established in 1962 as a business and trade organization for the oil palm agroindustry in Colombia to defend the interests of the oil palm growers, orient them in designing technological and business policies to keep them informed with the latest trends and developments in the global market for oilseeds, oils and fats. FEDEPALMA plays a key role in ensuring the adequate supply of oils and fats in the domestic market and in generating export surplus recognized internationally for their high quality. It has designed the parafiscal funds for the oil palm agroindustry and manages these funds, which were established to finance the research and development of the Colombian oil palm sector and to stabilize the domestic vis-Ã -vis international prices. FEDEPALMA has also created the Center for Oil Palm Research in Colombia (CENIPALMA) to meet the needs of the oil palm sector in the area of research and technology transfer; the International Trader (CI Acepalma SA) to promote and to facilitate the commercialization of palm oil in the international markets; and PROPALMA SA, to generate investments in large scale productive projects on oil palm. All of these demonstrate the institutional strength of the Colombian oil palm sector, whose primary objective is to promote the development of an efficient, productive, sustainable and internationally competitive oil palm agroindustry and through this contribute significantly to the growth and development of the national economy.