Okomu, Nigeria’s second-larger producer of palm oil expects to have a sales decrease, due to a supply glut and weak consumer demand. That can be explained by illegal shipments from neighboring countries. The situation may get worse due to 2019 general elections.

Read the full article: https://www.bloomberg.com/news/articles/2018-02-14/okomu-nigeria-sees-subdued-2018-for-palm-oil-on-market-woes

Source: Bloomberg, www.bloomberg.com