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  • What is the largest producer of soybean in Nigeria?
  • Nigeria's Foraminifera Market Research currently produces about 500,000 MT of soybeans annually, making it the largest producer in Nigeria and on the African continent. Soybean is primarily produced in the middle belt of the country, with Benue state accounting for approximately 45% of the total production.
  • What are the soybean export opportunities in Nigeria?
  • Nigeria offers growing market opportunities for exporters of soybeans, soybean meal, crude soybean oil and value-added soy products and soy-based ingredients. Nigeria’s soybean output is forecast to increase to 510,000 MT in 2011/12, up from 480,000 MT in 2010/11.
  • What is the soybean crushing industry in Nigeria?
  • Eight large processors account for nearly 60 percent of Nigeria’s soybean crushing industry. Industry sources forecast crushing to rise to 271,000 tons in MY2011/12 on account of the anticipated increased soybeans production. Soybeans are crushed to obtain oil (for industrial and refined for food use) and soybean meal/cake for animal feed.
  • What is the average soybean yield in Nigeria?
  • The average yield during harvest lingers around 1.2 metric tons per hectare. Nigeria’s soybeans trade has emerged in a lot of complexity. Year on year, there’s a continuous local shortfall in production. Yet, exportation of the legume crop seems to be on the rise.
  • What is the outlook for Nigeria's soybean output in 2011/12?
  • Nigeria’s soybean output is forecast to increase to 510,000 MT in 2011/12, up from 480,000 MT in 2010/11. The increase in output is attributed to favorable weather in Nigeria’s soybeans production belt. Compared to the erratic pattern in 2010, rainfall was favorable both in terms of volume and distribution in 2011.
  • Why is soybean production rising in Nigeria?
  • Nigeria’s soybean production is rising steadily spurred by favorable grower prices and sustained high demand for soy meal by the poultry sector over the past five years. Growth in domestic production lags behind rapid growth in demand by the poultry sector, averaging about 25 percent per annum the last five years.