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…
10.04.2024
US RD interregional shipments decline to 6-month low in July: EIA
The US Energy Information Administration’s (EIA) Petroleum Supply Monthly report released Monday September 30, showed that July interregional shipments of renewable diesel (RD) and biodiesel to the US West...
10.04.2024
Geopolitical tensions, policy uncertainty stymies US animal fats, oils trade
The Missouri River choice white grease (CWG) market moved to a low of 42.5 cents per lb FOB after trading was done late on Thursday October 3.
Distiller’s...
10.04.2024
Hurricane Helene impact on US animal proteins still unknown
US animal proteins prices were steady on Friday October 4, with most participants working on logistical challenges for the current and upcoming week.
Hog producers and production facilities...