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Nigeria Still Has A Long Way To Go To Become Self-sufficient In Sugar - Events - Nairaland

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Nigeria Still Has A Long Way To Go To Become Self-sufficient In Sugar by Buddiesy: 2:44am On May 14, 2021
Despite an ambitious policy launched in 2012 through the National Sugar Master Plan (NSMP) to encourage investment in sugar, increase local production and eventually reduce imports, the second largest sugar market in sub-Saharan Africa after South Africa is still a long way off. Achieving sugar self-sufficiency in the country.
Sugar production is expected to reach only 70,000 tons in 2021/22, about 7 percent lower than in 2020/21 (75,000 tons), according to the USDA's Lagos office. Sugarcane is mainly grown in northern Nigeria, where insecurity is particularly pronounced, especially in the sugarcane production belt of Kwara, Adamawa, Niger, Kebbi, Jigawa, Sokoto, Oyo and Taraba states.
If there is little or no increase in sugarcane production, or even a decrease, sugar mill capacity will increase from 2.75 Mt/ton in 2019 to 3.4 Mt/ton in 2020, but these capacities are less than 70% utilized.
In Africa's most populous country, annual consumption is estimated at 1.6 t/y in 2021/22 and raw sugar imports are expected to be 1.8 t/y in 2021/22, compared to 1.75 t/y in 2020/21, with Brazil as the main supplier (over 85%) market share). According to the Foreign Trade Report, Brazil's raw sugar imports will total 263.8 billion N2 by 2020. as for refined sugar imports, they will remain stable at 130,000 tons.
Finally, Nigeria's refined sugar exports are expected to grow by 17% to 350,000 tons in 2021/22. " The BUA sugar plant, located in the Bondu Free Trade Zone in Port Harcourt, Rivers State, is primarily dedicated to refining imported raw sugar for export. On paper, the export of refined sugar appears to be beneficial due to the opportunity to earn foreign exchange. However, in the face of arbitrary price increases in the local market, the EPZ law gives the company the power to intervene in the local market. This is currently fueling a "sugar war" between the two major sugar companies (read: Nigeria bans refined sugar imports from free zones) observing that the U.S. Department of Agriculture (USDA) added: "For decades, with declining production and increasing imports, the established interest in the Nigerian sugar market has grown." Sales of Nigerian refined sugar flow from the major trading centers in northern Nigeria to the neighboring inland Sahel region, including West and Central African markets. This practice has increased with the successive depreciation of the naira exchange rate, which has translated into attractive prices for Nigerian sugar."
Re: Nigeria Still Has A Long Way To Go To Become Self-sufficient In Sugar by LikeAking: 3:17am On May 14, 2021
Bro lets talk about the positive side of Nigeria.

I don tire for the bad side of the country.

I we are not sugar sufficient it becos we have few players in that field.

Nothing else.

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