refined crude pumpkin seeds oil price in nigeria

                                               
                                               
                                               
                                               
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  • How are Nigeria’s oil seeds & products markets changing?
  • Nigeria’s oil seeds and products markets are changing rapidly as demographic changes occur due to the country’s youth and middle-class population growth. The three major utilization channels (Food consumption, industrial use, and feed usage) are undergoing robust growth rates.
  • How much did Nigeria spend on oil in 2019?
  • According to the National Bureau of Statistics (NBS), Nigerian households spent N40.2 Trillion ($98.7bn @N405/$) on consumption in 2019. Nigeria’s oil seeds and products markets are changing rapidly as demographic changes occur due to the country’s youth and middle-class population growth.
  • Will Nigeria become a major oil market?
  • The country has the potential to become a significant market for oilseeds, oil meals, and oils for domestic and industrial consumption. FAS Lagos forecasts Nigeria’s palm oil imports in MY 2021/22 to reach 500,000 MT, up nearly 16 percent greater than the USDA official MY 2020/21 estimate of 430,000 metric tons.
  • 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 ?soybean 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.