Nigeria: Sugar Annual
19th April 2024
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.
Domestic cane production is expected to increase by about a 7 percent in MY 2024/25 to 80,000 metric tons (MT). This is due to maturing investments in production. Meanwhile, increased demand for refined sugar across West Africa and other Sub-Saharan African countries is expected to lead to a 6 percent increase in refined sugar exports
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