Lifestyle Changes Boost Local Coconut Demand.
Lifestyle changes are driving a surge in coconut demand in Nigeria, leading farmers to increase investments in coconut production. Health-conscious Nigerians are turning to coconuts for their benefits in managing various health issues. The global coconut market is growing, with Nigeria producing 225,526 metric tonnes in 2021. Lagos, the largest producer, has doubled its output and seen a rise in registered processors. Despite increased production, local supply struggles to meet demand, leading to higher prices and a boost in investments in the coconut value chain.
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