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  • Who are the palm oil companies in Nigeria?
  • Nofex Global Ventures Nigeria Limited 10. Mobilepalm 11. JPH-ZMART Global Company, Ltd. 12. Grace-Wenji import and export service 13. Hendrislinks Nigeria Limited 14. Royal Palm Refinery Ltd 15. Ticantan Centenary LTD What role do palm oil corporations play in Nigeria? How do these businesses guarantee the production of palm oil is sustainable?
  • How oil palm industry is developing in Nigeria?
  • Investors in oil palm sector in the state are required to nurture and develop 1,000 ha as natural forest for every 4,000 ha of land devoted to oil palm production. Currently, oilseeds research and development work across Nigeria is leading to increase productivity and efficiency of oil seeds processing –soybean and peanut particularly.
  • How much palm oil will Nigeria produce in 2021?
  • FAS Lagos forecast Nigeria’s palm oil beginning stocks in MY 2021/22 at 59,000 MT, down by massive 88 percent compared to the USDA official MY 2020/21 estimate of 111,000 metric tons. In June 2019, the Nigerian government formulated a new policy that plans to invest some $500 million in oil palm production.
  • How much palm kernel oil is consumed in Nigeria?
  • FAS Lagos forecasts Nigeria’s palm kernel oil consumption in MY 2021/22 at 440,000 metric tons (MT), up almost 29 percent or some 100,000 metric tons MT compared to the USDA official 2020/21 estimate of 340,000 metric tons.
  • 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.
  • 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.