Insecurity and high demand by flour and feed industries have hindered Nigeria from realising N640 billion ($1.28 billion) from the 1.25 million tonnes of soybean oilseed produced locally between the 2020/21 season.
Soybean oil is currently rated as the second most consumed vegetable oil in the world after palm oil.
It was gathered that the high demand for the product has reached 80 million tonnes across the world, while global price has gone up by 30 per cent from $875 to $1,025 per tonne within one year…
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News Archive from before July 2018