palm oil production plant turnkey projects in nigeria

   
palm oil production plant turnkey projects in nigeria
                                               
                                               
                                               
                                               
  • palm oil production plant turnkey projects in nigeria
  • Can Presco plc help Nigeria grow its palm oil production?
  • Nigeria¡¯s palm oil imports from Malaysia, a leading global producer, increased by 65.3% in the first nine months of 2023. Businesses like Presco Plc can play pivotal roles in addressing these challenges and maximizing the potential of palm oil production in Nigeria.
  • Is Nigeria increasing its oil palm fruit production?
  • Data from the Food and Agricultural Organisation (FAO) show that Nigeria¡¯s oil palm fruit production has risen from 8.5 million metric tons in 2016 to 10 million metric tons in 2019, an indication that the country is increasing its local production, but not as fast as its population growth rate.
  • What is the palm oil industry like in Nigeria?
  • The Nigerian palm oil industry is very fragmented and dominated by numerous small-scale farm holders, which account for over 80% of local production, while established plantations account for less than 20% of the total market.
  • What challenges does Nigeria face in palm oil production?
  • However, despite its prominence in the global market, the country faces several challenges in the palm oil production sector. One of the primary issues is the reliance on imports to meet domestic demand. Despite being a major palm oil producer, Nigeria still imports a significant portion of its palm oil needs.