Trade

Nigeria: Commercial Soy Market in the Making

Nigeria, the most populous country in Africa, has a growing market for soybeans. With the population expected to increase by more than 62 percent by 2040, an expanding middle class, strong soyfood market, and growing poultry and aquaculture sectors, the country’s domestic soybean production is not likely to keep up with demand. The U.S. Department of Agriculture’s (USDA) Foreign Agriculture Service (FAS) estimates 2019-20 Nigerian soy imports may increase nearly 31% from last year. 

U.S. soybean farmers have been working to connect with the emerging soy import market in Nigeria, as described in an article from the Illinois Soybean Association, a qualified state soybean board (QSSB).

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Disclaimer: The views and opinions expressed in this article are those of the author(s) and do not necessarily reflect the policy or position of U.S. Soy.