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U.S. to Nigeria Agricultural Ocean Transportation Overview.
| 题名： | U.S. to Nigeria Agricultural Ocean Transportation Overview. |
| 关键词： | *Marine-transportation; *Cargo-transportation; *Agricultural-products; *Nigeria-.;International-trade; Exports-; Imports-; Marketing-; Sales-; Economic-forecasting; Wheat-; Rice-; Sub-Saharan-Africa; Developing-countries. |
| 摘要： | Nigeria is America's largest trading partner in Sub-Saharan Africa and its fifth largest supplier of oil in the world according to an article in the Nigerian Guardian News. According to the Guardian report, the two-way trade was just under $5 billion in 1999, with United States exports to Nigeria totaling more than $628 million. A U.S. Department of Agriculture, Foreign Agricultural Service (FAS), Global Agriculture Information Network (GAIN) Report released in April 2000 forecast an increase in U.S. share of Nigeria's wheat import market from 80 percent in 1998/1999 to 90 percent in marketing year 2000/01. This rise in U.S. share is attributed to ongoing expansion in Nigeria's wheat milling industry and the exclusive reliance of the new entrants on U.S. wheat. According to the forecast, Nigeria is expected to import 1.8 million tons of wheat in 2000/01, and that amount is expected to double over the next 5 to 10 years. Nigeria ranks as the top market for U.S. wheat in Sub-Saharan Africa and the sixth largest overseas buyer of the U.S. wheat during 1998/1999. The forecast also predicts a moderate increase in Nigeria's rice imports from 950,000 tons in 1999 to 1 million tons in 2000. The relatively high quality image enjoyed by U.S. rice in Nigeria may boost the market potential for U.S. rice exporters. Though import demand exists for U.S. soybeans, a recent lift of the ban on vegetable oils by the Government of Nigeria created better sales opportunities for U.S. exporters of soybean meal and oil. |
| 报告类型： | 科技报告 |
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