Nigeria: Oilseeds and Products Annual

  |   Attaché Report (GAIN)

In June 2019, the Nigerian government formulated a new policy to invest some $500 million in expanded palm oil production. The policy aims to increase palm oil production by 700 percent over the next eight years (i.e., 2019-27), boosting annual local production to 5.0 million metric tons (MMT), up significantly from the marketing year (MY) 2018/19 estimate of 1.0 million metric tons. FAS Lagos forecasts Nigeria’s MY 2019/20 palm oil production to reach 1.14 MMT, up 12 percent compared to the previous year. Nigeria has the potential to become a significant market for oilseeds, oil meals, and oils for domestic and industrial consumption.

Nigeria: Oilseeds and Products Annual

Related Reports

Attaché Report (GAIN)

Philippines: Livestock and Poultry Annual 2023

FAS Manila forecasts beef imports to remain flat at 200,000 MT Carcass Weight Equivalent (CWE) in 2024 because of low demand for imported beef.
Attaché Report (GAIN)

Australia: Food Service - Hotel Restaurant Institutional

2022 saw the start of the post-pandemic recovery for the hospitality industry in Australia.
Attaché Report (GAIN)

Australia: Sugar Semi-annual

FAS/Canberra’s sugar cane production estimate for Australia is revised downward for marketing year (MY) 2023/24 to 31.0 million metric tons (MMT). A very late finish to the MY 2023/24 harvest combined with a bigger-than-usual tropical wet season has...