groundnut oil sunflower oil production line in nigeria

The price of a litre of groundnut oil in Nigeria which is 1 litre goes for N1100 to N1,300 with respect to locations. Now, let¡¯s check out the specific price of groundnut oil by brands and the quantity sold per litre for that brand. The following table contains the list of well-known groundnut oil brands, and their prices per litre quantity.

Until recently when vegetable oil became more commonly used in households across Nigeria, groundnut oil was what you could refer to as the mainstay of Nigerian kitchens. From frying eggs, meat, fish and plantain, to jollof rice, spaghetti, and several other meals common to Nigerians, there¡¯s so much groundnut oil is used for.

The Nigerian export markets are highly concentrated. This market concentration makes the market for Nigerian groundnuts very volatile, as the price of groundnut exports highly depends on demand in those few markets. ITC Trademap). More than 80% of all imports from outside Europe and the world come from developing countries.

With the improved quality of its groundnuts and processing facilities, Nigeria could once again become a major exporter in the global market, as the world's 3rd biggest groundnut producer. The Nigerian export markets are highly concentrated.