Browse Data and Analysis

FAS-Lagos forecasts a 6 percent decrease in raw sugar imports in marketing year (MY) 2024/25 due to the scarcity of foreign exchange and the projected decrease in consumption.

The Federal Executive Council approved the extension of the National Sugar Master Plan (NSMP) by 10 years (2023-2033). NSMP is an effort of the Government of Nigeria to ensure self-sufficiency in local sugar production.

Nigeria’s current 10-year Sugar Master Plan (NSMP) will end next year – likely moving on to another 10-year Phase Two Plan. The growth in sugar consumption is expected to be driven by the food processing sector.

Nigeria’s sugar industry is facing serious challenges despite efforts by the government to create self-sufficiency in sugar production and reduce raw sugar imports.

FAS Lagos (Post) forecasts Nigeria’s domestic cane sugar production in marketing year (MY) 2019/20 (May-April) to reach 75,000 metric tons (MT) (raw value), down about 6 percent....

MY17/18 sugar production is forecast to increase to 80,000 tons mainly due to adjustments by the Government of Nigeria (GON) now offering sugar industry stakeholders more favorable means to access....

MY2016/17 sugar production is expected to remain relatively flat at 70,000 tons, which signals limited progress of Nigeria’s backward integration plans for sugar production.

MY2015/16 domestic sugar production is estimated at 70,000 tons (raw value), a decline of over seven percent from the 2014/15 estimate of 75,000 tons.

Nigeria’s food processing sector offers significant market potential and FAS-Lagos can assist interested U.S. food/ingredients suppliers in establishing business relationships with local buyers.

A synopsis of current news and events affecting the agricultural sectors in Australia and New Zealand.