Global organic soybean traders are looking to Nigeria to help fill some of the shortfall in exports from West Africa. Nigeria is a relatively wealthy and influential country in the region, and consumption patterns drive soybean production. Virtually all the organic soybeans and derivatives are exported.
Nigeria is a major producer of soybeans in Africa, second only to South Africa in Sub-Saharan Africa (SSA). Domestic consumption of conventional soybeans is considerable, the most in SSA – followed by Uganda – according to the International Institute of Tropical Agriculture
USDA projects a 14% increase in conventional soybean production year over year for marketing year 2024/2025. Recent floods may reduce the crop some, but domestic consumption in Nigeria is also down due to macroeconomic factors influencing poultry production and…
02.27.2025
CWG prices fall; broader animal fats markets steady
The US animal fats and oils markets were steady on Thursday, February 27 on slowing month-end activity, while sentiment remained under pressure from macro factors, including weaker soybean oil...
02.27.2025
Bloodmeal prices jump on limited spot supply
Ruminant bloodmeal traded higher on Thursday February 27, up to $1,425 per short ton FOB Missouri River and Texas Panhandle.
Strong demand in a tight spot supply market...
02.27.2025
High feedstock cost continues squeezing European biofuel production margins
European biofuel feedstock prices remained broadly stable in the week to Thursday February 27, applying additional pressure on biofuel production margins, with the spread between used cooking oil (UCO)...