In a context of strong tensions in the vegetable oil market and high prices, Nigeria, the largest consumer of palm oil in sub-Saharan Africa, remains a net importer of palm oil. But significant private sector investment is expected to help expand palm oil production.
The effects are already being felt for palm oil and more generally for all oilseeds, soybeans, peanuts and palm kernels, whose areas and production are growing according to the United States Department of Agriculture (USDA). Necessary increases in the face of growing consumption, both in food and industry or for animal feed, driven by demography, income, urbanization, the youth of the population, eating habits (fast foods, snacks , bakery) as well as animal production and renewable energies.
It should be noted that apart from palm oil, Nigeria is almost self-sufficient in other oilseeds, whether palm kernel, soybean or groundnut.
Original content
In a context of strong tensions in the vegetable oil market and high prices, Nigeria, the largest consumer of palm oil in sub-Saharan Africa, remains a net importer of palm oil. But significant private sector investment is expected to help expand palm oil production. The effects are already being felt for palm oil and more generally for all oilseeds, soybeans, peanuts and palm kernels, whose areas and production are growing according to the United States Department of Agriculture (USDA). Necessary increases in the face of growing consumption, both in food and industry or for animal feed, driven by demography, income, urbanization, the youth of the population, eating habits (fast foods, snacks , bakery) as well as animal production and renewable energies. It should be noted that apart from palm oil, Nigeria is almost self-sufficient in other oilseeds, whether palm kernel, soybean or groundnut. Ambitious oil palm program Palm oil production in Nigeria is expected to grow by 7% in ...
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