Nigerian palm oil processors Okomu Oil and Presco are facing mounting pressure from a surge in cheap imported palm oil, which is undercutting domestic prices and squeezing profit margins.
The influx of foreign product threatens to erode the gains made by local producers who have recently celebrated record national output levels.
57 million tonnes. Both Presco and Okomu reported significant profit growth during that period, buoyed by strong demand and improved operational efficiency.
The competitive squeeze comes at a critical juncture for the sector.
Nigeria’s palm oil industry delivered a record performance in 2025, with national output reaching 1.57 million tonnes.
Both Presco and Okomu reported significant profit growth during that period, buoyed by strong demand and improved operational efficiency.
However, the current wave of low-cost imports is challenging the sustainability of those margins, forcing producers to compete on price in a market increasingly saturated with foreign supply.