Which agricultural exports are still standing tall in Nigeria?
"Among the six major agricultural exports of the pre-petroleum exporting years (cocoa, palm oil, palm kernel, rubber, groundnuts and cotton), cocoa is the one still standing tall in terms of non-oil exports," [Professor Adegboyega Oguntade] said.
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.
Why is non-GE soybean growing in Nigeria?
On the soybean front, non-GE soybean is being planted to meet a niche demand in global markets. This is affecting domestic supply. As a result, the poultry sector is facing high feed costs. Nigeria continues to strive for self-sufficiency in oil palm production. Currently, production remains stable.