Nigeria: Oilseeds and Products Annual
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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. In MY 2022/23 FAS Lagos forecast that Nigeria will require 450,000 MT to fill the consumption gap. On the soybean front, non-GE soybean is being planted to meet a niche demand in global markets. This is affecting domestic supply. As a result, the poultry sector is facing high feed costs.
