with competitive peanut oil processing plant in lagos

   
with competitive peanut oil processing plant in lagos
                                               
                                               
                                               
                                               
  • with competitive peanut oil processing plant in lagos
  • How oil seeds research & development works in Nigeria?
  • Currently, oilseeds research and development work across Nigeria is leading to increase productivity and efficiency of oil seeds processing ¨Csoybean and peanut particularly. FAS Lagos¡¯ estimates and projections for all the categories of oil seeds and products for 2021/22 are higher than the USDA estimates of previous year.
  • Will Nigeria’s peanut oil start stocks remain unchanged in 2021/22?
  • FAS Lagos forecasts Nigeria¡¯s peanut oil beginning stocks in MY 2021/22 to remain unchanged at zero, like the USDA official MY 2020/21 estimate. Crushers and refiners are unwilling to keep stocks due to high production costs.
  • Where do peanuts come from in Nigeria?
  • Trade in Nigeria¡¯s peanut production is mainly locally. There is however some informal regional trade that occurs between Nigeria and the neighboring Sahel region countries (i.e., Niger, Chad, and Cameroon), where Nigerian peanuts command high prices.
  • Which Nigerian palm oil companies are expanding production?
  • Two major Nigerian palm oil companies ¡ª Okomu Oil Palm Plc (OKOMUOIL) and PRESCO Plc ¡ª are expanding their production. PRESCO recently commissioned 500 MT capacity refinery that is presently running at 70% installed capacity.