Nigeria palm oil production output is expected to reach N2.41 trillion ($1.61 billion) before the end of the year as imports slumped by 77 per cent between March and June 2025. Findings revealed that imports from Malaysia had decreased from $32 million in March to $7.47 million in June, following soaring price of the produce in the global market as consumption grow 4.6 per centy/y to 2 million tonnes, widening the supply gap to 450,000 tonnes.
It was gathered in June, shipments was valued at $7.47 million; May, $8 million, April, $15.36 million; March, $32 million; February, $23 million and January, $20 million as a tonne is sold at $1,072.
Last month, the Plantation Owners Forum of Nigeria (POFN) has said that the price of palm oil would remain stable all year round in order to ensure that both the wealthy and the nottoo-wealthy were able to purchase the product for their Continue..
𝗙𝗼𝗹𝗹𝗼𝘄 𝗢𝘂𝗿 𝗪𝗵𝗮𝘁𝘀𝗔𝗽𝗽 𝗖𝗵𝗮𝗻𝗻𝗲𝗹 𝗧𝗼 𝗚𝗲𝘁 𝗟𝗮𝘁𝗲𝘀𝘁 𝗡𝗲𝘄𝘀 𝗔𝘀 𝗜𝘁'𝘀 𝗗𝗿𝗼𝗽!
