soybean seeds oil expeller in lagos

soybean seeds oil expeller in lagos
                                               
                                               
                                               
                                               
  • soybean seeds oil expeller in lagos
soybean seeds oil expeller in lagos
soybean seeds oil expeller in lagos
soybean seeds oil expeller in lagos
soybean seeds oil expeller in lagos
  • 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).
  • How does Nigeria use soybean oil?
  • Nigeria further processes soybean meal to obtain oil for food and non-food uses, leftover cake goes to animal feed production. According to industry sources, local soybean oil faces competition from the less expensive imported soybean oil entering through cross border gray channels.
  • 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.
  • Why is soybean meal a problem in Nigeria?
  • 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. Nigeria further processes soybean meal to obtain oil for food and non-food uses, leftover cake goes to animal feed production.