seeds oil refined production line in lagos

                                               
                                               
                                               
                                               
                                               
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  • How oil seeds research & development works in Nigeria?
  • Currently, oilseeds research and development work across Nigeria is leading to increase productivity and efficiency of oil seeds processing ¨Csoybean and peanut particularly. FAS Lagos¡¯ estimates and projections for all the categories of oil seeds and products for 2021/22 are higher than the USDA estimates of previous year.
  • How are Nigeria's oil seeds & products markets changing?
  • Nigeria¡¯s oil seeds and products markets are changing rapidly as demographic changes occur due to the country¡¯s youth and middle-class population growth. The three major utilization channels (Food consumption, industrial use, and feed usage) are undergoing robust growth rates.
  • Why is the demand for palm oil increasing in Nigeria?
  • The widening between soybean oil and palm oil prices globally is expanding the demand for palm oil in Nigeria. The country has the potential to become a significant market for oilseeds, oil meals, and oils for domestic and industrial consumption.
  • Is Nigeria self-sufficiency in oil palm production?
  • Nigeria continues to strive for self-sufficiency in oil palm production. Currently, production remains stable. Meanwhile, demand for palm oil outweighs supply. Nigeria meets the supply gap in oil palm through imports from Malaysia, China, and Côte d¡¯Ivoire.
  • Why does Nigeria import oil palms?
  • Despite being one of the largest oil palm-producing countries, Nigeria relies on imports to bridge its supply gap. Private sector investors are expanding oil palm production and increasing processing capacity to take advantage of the prevailing strong domestic and international market demand and high prices.
  • How much palm oil will Nigeria produce in 2021?
  • FAS Lagos forecast Nigeria¡¯s palm oil beginning stocks in MY 2021/22 at 59,000 MT, down by massive 88 percent compared to the USDA official MY 2020/21 estimate of 111,000 metric tons. In June 2019, the Nigerian government formulated a new policy that plans to invest some $500 million in oil palm production.