300kg per/hour capacity soybean oil production line in nigeria

300kg per/hour capacity soybean oil production line in nigeria
                                               
                                               
                                               
                                               
  • 300kg per/hour capacity soybean oil production line in nigeria
300kg per/hour capacity soybean oil production line in nigeria
300kg per/hour capacity soybean oil production line in nigeria
300kg per/hour capacity soybean oil production line in nigeria
300kg per/hour capacity soybean oil production line in nigeria
  • How much soybean will Nigeria produce in 2021/22?
  • FAS Lagos forecasts Nigeria’s soybean production in MY 2021/22 (October-September) to reach 1.25 million metric tons (MMT), up 43 percent or some 375,000 metric tons (MT) above the USDA official MY 2020/21 estimate of 875,000 metric tons (MT).
  • Why did soybean production increase in Nigeria?
  • The production increase is attributable to favorable grower prices and sustained high demand for soy meal by the poultry sector. FAS Lagos forecasts Nigeria’s soybean oil consumption in MY 2021/22 to reach 170,000 metric tons (MT), up nearly 58 percent greater than the USDA official MY 2020/21 estimate of 112,000 metric tons (MT).
  • Will Nigeria’s soybean meal imports go up to 50,000 metric tons?
  • FAS Lagos forecasts Nigeria’s soybean meal imports in MY 2021/22 to go up to 50,000 metric tons (MT) as the exorbitant price of local soybean meal is alarming. Meanwhile, the lack of foreign exchange is a challenge for soybean meal imports. Exports are forecast to reach same 50,000 metric tons as forecast by the USDA official MY 2020/21 estimate.
  • How much soybean is consumed in Nigeria?
  • FAS Lagos forecasts Nigeria’s soybean consumption in MY 2021/22 to reach 1.275 million metric tons (MMT), up 38 percent compared to the USDA official MY 2020/21 estimate. Consumption is growing in response to greater demand in food processing and feed use.