Nigeria: Sugar Annual
Link to report:
Nigeria’s current 10-year Sugar Master Plan (NSMP) will end next year – likely moving on to another 10-year Phase Two Plan. The growth in sugar consumption is expected to be driven by the food processing sector. Nigeria is forecast to meet its consumption demands through imports. Annually, the Government of Nigeria (GON) sets the raw sugar import quota round 1.6 to 1.7 million metric tons (MMT). Post forecasts MY 2022/23 sugar production to be flat due to higher input costs and no substantial investment in sugarcane crushing operations. The country’s sugar supply chain is vulnerable to excessive trade barriers.