production of refined palm kernel oil in nigeria

                                               
                                               
                                               
                                               
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  • How much palm kernel oil is produced in Nigeria?
  • A paid subscription is required for full access. In 2023, the production of palm kernel oil in Nigeria was estimated to be 393 thousand metric tons. Between 2010 and 2023, the crop of palm kernel oil in the country increased by 88 thousand metric tons.
  • Why do Nigerian refineries use palm kernel oil?
  • More than 60% of refineries in Nigeria are built on palm kernel oil as raw materials. This is because processing of palm kernel oil involves degumming, bleaching, deodorization, cooling, and packaging. This product is liquid at ambient conditions except during the rainy season when the product congeals due to low temperatures (<20°C).
  • Why is Nigeria a net importer of palm oil?
  • From being one of the leading exporters of crude palm oil in the 1960s, Nigeria is now a net importer. In a bid to close the supply gap and encourage local investment, the Federal Government included Refined Palm Oil (RPO) as one of the items that importers are restricted from accessing foreign exchange at the interbank market.
  • Will Nigeria's palm kernel oil start stocks in 2021/22?
  • FAS Lagos forecast Nigeria’s palm kernel oil beginning stocks in MY 2021/22 at 3,000 metric tons (MT) unchanged from the USDA official MY 2020/21 estimate. Processors expect some increases in demand/price for palm kernel oil, especially for industrial uses (including usage as biofuel), in the upcoming marketing year.