Tridge summary
Russian agricultural exporters are looking to expand into African markets, particularly Nigeria, with a focus on dairy products such as milk powder. Demand for these products in Nigeria has risen significantly over the past decade, leaving the country only about one-third self-sufficient. Currently, the Nigerian market is dominated by companies from New Zealand and the European Union, but growth in milk production from these regions is expected to be limited due to environmental initiatives, creating an opportunity for Russian producers.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Russian exporters of agricultural products are interested in entering African markets. One of the promising areas is the export of dairy products, including milk powder. Nigeria is a promising country for supplies in this direction. Over the past 10 years, the demand for dairy products (ice cream, yoghurt, milk powder) has increased significantly in Nigeria, according to a report from the Federal State Budgetary Institution Agroexport, which was reviewed by sfera.fm. At the same time, the country is self-sufficient in this category by a little more than a third. This makes Nigeria a promising market for the supply of dairy products, especially after the removal of foreign exchange restrictions on imports in this industry. Russia's prospects for finding a niche in this market are high, says Maria Zhebit, Deputy General Director of the National Union of Milk Producers ...
Source: Agronovosti
Would you like more in-depth insights?
Gain access to detailed market analysis tailored to your business needs.
What to read next
Read more relevant content
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.