Lagos soya oil processing plant cost

Soybean Oil Processing Plant Report 2024: Setup Cost

  • Lagos soya oil processing plant cost
  • Lagos soya oil processing plant cost
  • Lagos soya oil processing plant cost
  • Lagos soya oil processing plant cost

Report Name: Oilseeds and Products Annual USDA

Nigerian soybean output, demand, on the rise

West African Soy Industries Limited

Profitability Analysis of Soybean Oil

  • 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.
  • 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 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.
  • How much does a soybean oil refinery cost?
  • The comparable operating expenses for a soybean oil refinery will average about $39.70 U. S. per metric ton of refined product ($35.30 to $48.50 range) with an incremental $22.00 U.S per metric ton for hydrogenated products ($17.60 to $38.50 range).

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