• material for soybean oil in Lagos
  • material for soybean oil in Lagos
  • material for soybean oil in Lagos
  • material for soybean oil in Lagos
  • How much do soybeans cost in Lagos?
  • Using Ogun state as the benchmark, the prices of soybeans fell by 15 percent with an average of 12 percent fall across all southwestern states. The price of a 100kg bag that went for ₦22,000 to ₦23,000 has fallen to around ₦18,000. However, prices obtainable in Lagos are slightly higher – the price ranges from ₦19,000 to ₦21,000.
  • What is the largest producer of soybean in Nigeria?
  • Nigeria's Foraminifera Market Research currently produces about 500,000 MT of soybeans annually, making it the largest producer in Nigeria and on the African continent. Soybean is primarily produced in the middle belt of the country, with Benue state accounting for approximately 45% of the total production.
  • What is soybean oil used for in food and industry?
  • Soybean oil is primarily used as an edible oil (95% of the production). The remaining portion is used as industrial raw materials in the production of paint, varnish, linoleum, rubber fabrics, cosmetics including soaps, creams, and massage oils, etc. As a drying oil, processed soybean oil is also used as a base for printing inks (soy ink) and oil paints.