Palm oil is the most widely consumed vegetable oil and accounts for about 33% of total vegetable oil production in the world. Global palm oil production has been dominated by Indonesia and Malaysia and to a lesser extent by Colombia, Thailand, and Nigeria. Combined, these countries produce over 93% of global palm oil output. Nigeria is currently the fifth leading producer with over 930,000 metric tons annually. The palm oil industry in Nigeria is a major agroenterprise especially in the southern parts where palm trees grow in the wild and in plantations. About 80% of the palm oil industry in Nigeria is dominated by smallholders who typically use manual equipment and, to a lesser extent, semimechanized processors for processing palm fruit.
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