Nigeria: Sugar Annual

  |   Attaché Report (GAIN)

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 foreign exchange. Raw sugar imports, mostly from Brazil, are expected to rise in MY17/18 by about 30 percent to 1.7 million tons. Nigeria’s refined sugar exports are also forecasted to increase, going primarily to neighboring countries that are attracted by favorable exchange rates against the weak Naira currency. Despite GON’s backward integration programs for sugar production, enormous challenges remain for the country to be self-sufficient.

Nigeria: Sugar Annual

Africa (Sub-Sahara), Nigeria
Sugar

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