Soybeans is a nutrient-packed and readily accessible legume crop patronized by a huge number of Nigerians. Its ever-evolving uses, including its magical nutritional properties, place it among the list of highly useful agricultural produce in the country. It provides a major input for the production of vegetable oil and the much-liked soymilk.
What are the soybean export opportunities in Nigeria?
Nigeria offers growing market opportunities for exporters of soybeans, soybean meal, crude soybean oil and value-added soy products and soy-based ingredients. Nigeria¡¯s soybean output is forecast to increase to 510,000 MT in 2011/12, up from 480,000 MT in 2010/11.
Can Nigeria produce biodiesel using soybeans?
Nigeria can potentially produce biodiesel from soybeans, considering the fact that it is ranked 15th in global soybean production with 3943,000 tons current production.
What is the soybean crushing industry in Nigeria?
Eight large processors account for nearly 60 percent of Nigeria¡¯s soybean crushing industry. Industry sources forecast crushing to rise to 271,000 tons in MY2011/12 on account of the anticipated increased soybeans production. Soybeans are crushed to obtain oil (for industrial and refined for food use) and soybean meal/cake for animal feed.