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As global food and agricultural trade continues to integrate, Nigeria has formulated structures, strategies, laws, and food control systems including regulatory authorities to enhance public health, food safety and international trade.
Edible oil prices have been trending higher and are now increasingly volatile due to poor market transparency and the Russian invasion of Ukraine. Post forecasts MY 2022/2023 soybean imports up to 2.8 million MT, while local soybean production remains flat.