AreaNigeria

Commodity GroupOilseeds, oils and meals

CommodityPalm oil

Date01/07/2017

Policy CategoryTrade

Policy InstrumentBilateral cooperation

DescriptionNigerian Government representatives conducted talks with Indonesian counterparts to relax restrictions on imports of Indonesian crude palm oil into Nigeria.

NotesAccording to official sources, Indonesian Government representatives initiated talks with Nigerian counterparts to revive shipments of Indonesian crude palm oil (CPO) to Nigeria. Reportedly, CPO trade between the two countries has fallen sharply over the last few years, as Nigeria introduced import restrictions to protect its foreign exchange market and stimulate domestic oil palm cultivation.