Nigeria: Sugar Annual

Commodities

FAS Lagos (Post) forecasts Nigeria’s domestic cane sugar production in marketing year (MY) 2019/20 (May-April) to reach 75,000 metric tons (MT) (raw value), down about 6 percent compared the MY 2018/19 figure of 80,000 metric tons. Post forecasts Nigeria’s sugar consumption in MY 2019/20 at 1.62 MMT, up less than 1 percent from the 1.61 MMT recorded in marketing year 2018/19. FAS Lagos forecasts Nigeria’s raw sugar imports in MY 2019/20 at 1.76 MMT, up over 1 percent from the 1.74 MMT volume reported in marketing year 2018/19. Post attributes the uptick to increasing industrial demand, expanding population, and growing middle-class income. 

Nigeria: Sugar Annual