oweei brand grape seed oil processing plant in lagos

   
oweei brand grape seed oil processing plant in lagos
                                               
                                               
                                               
                                               
  • oweei brand grape seed oil processing plant in lagos
Does Nigeria have a supply gap in palm oil?

Currently, production remains stable. Meanwhile, demand for palm oil outweighs supply. Nigeria meets the supply gap in oil palm through imports from Malaysia, China, and Côte d¡¯Ivoire. In MY 2022/23 FAS Lagos forecast that Nigeria will require 450,000 MT to fill the consumption gap.

Is Nigeria self-sufficiency in oil palm production?

Nigeria continues to strive for self-sufficiency in oil palm production. Currently, production remains stable. Meanwhile, demand for palm oil outweighs supply. Nigeria meets the supply gap in oil palm through imports from Malaysia, China, and Côte d¡¯Ivoire.

Which Nigerian palm oil companies are expanding production?

Two major Nigerian palm oil companies ¡ª Okomu Oil Palm Plc (OKOMUOIL) and PRESCO Plc ¡ª are expanding their production. PRESCO recently commissioned 500 MT capacity refinery that is presently running at 70% installed capacity.

How are Nigeria's oil seeds & products markets changing?

Nigeria¡¯s oil seeds and products markets are changing rapidly as demographic changes occur due to the country¡¯s youth and middle-class population growth. The three major utilization channels (Food consumption, industrial use, and feed usage) are undergoing robust growth rates.