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  • Is soybean oil good for Nigeria?
  • Nigerian consumers give soybean oil high marks for health and quality benefits – compared with other vegetable oils. FAS Lagos forecasts Nigeria’s soybean oil imports in MY 2021/22 to reach 10,000 metric tons (MT), growing by more than 9,000 metric tons (MT) compared to the USDA official MY 2020/21 estimate of 1,000 metric tons.
  • Why did soybean production increase in Nigeria?
  • The production increase is attributable to favorable grower prices and sustained high demand for soy meal by the poultry sector. FAS Lagos forecasts Nigeria’s soybean oil consumption in MY 2021/22 to reach 170,000 metric tons (MT), up nearly 58 percent greater than the USDA official MY 2020/21 estimate of 112,000 metric tons (MT).
  • How will Nigeria's soybean oil market perform in 2021/22?
  • FAS Lagos forecast Nigeria’s soybean oil beginning stocks in MY 2021/22 at 25,000 metric tons (MT) and ending stock of 20,000 metric tons (MT). Industry sources indicate that growers and crushers are expecting price increases for soybean oil, leading many to hold back product while anticipating better prices.
  • How much soybean is consumed in Nigeria?
  • FAS Lagos forecasts Nigeria’s soybean consumption in MY 2021/22 to reach 1.275 million metric tons (MMT), up 38 percent compared to the USDA official MY 2020/21 estimate. Consumption is growing in response to greater demand in food processing and feed use.
  • Is there a limiting factor to optimum soybean production in Nigeria?
  • America’s soybean yield of about 3.4 tones/ hectares in 2018 implies a huge yield gap in Nigeria’s production due to several contributing factors. Therefore, studies to under- stand the limiting factors to optimum soybean production are ongoing as means of attaining yield potential of above 2.5 tones/ha. Smallholder farmers dominate soybean pro-
  • How has IITA boosted Nigeria's soybean production?
  • of Tropical Agriculture (IITA) has boosted Nigeria’s soy- bean production since around 1974 to about 758,033 tones (1.0 ton/hectare) from 780,679 hectares in 2018 (Nzossié and Bring, 2020). The study was conducted to provide a solution to the challenges of soybean production using the available cultivars cultivated in Nigeria.