the price of processing soybean seeds in oil in nigeria

   
the price of processing soybean seeds in oil in nigeria
                                               
                                               
                                               
                                               
  • the price of processing soybean seeds in oil in nigeria
What is the market for soybean in Nigeria?

The market for soybean in Nigeria is growing very fast with opportunities for improving the income of farmers. Currently, SALMA Oil Mills in Kano, Grand Cereals in Jos, ECWA Feeds in Jos, KARMA FOOD Ltd in Gwagwalada, AFCOT Oil Seed Processors, Ngurore, Adamawa State, and P.S. Mandrides in Kano, all process soybean.

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 IITA & Olan grain has improved soybean production in Nigeria?

IITA and Olan grain have developed improved technologies for soybean production in Nigeria. Over the past few years, soybean production and consumption has expanded rapidly because of the growth in the industrial sector in oil production, animal feed production, and much more.

Is soybean oil good for Nigeria?

Nigerian consumers give soybean oil high marks for health and quality benefits ¨C compared with other vegetable oils. FAS Lagos forecasts Nigeria¡¯s soybean oil imports in MY 2021/22 to reach 10,000 metric tons (MT), growing by more than 9,000 metric tons (MT) compared to the USDA official MY 2020/21 estimate of 1,000 metric tons.