Nigerian market opens up for Irish processed milk
Ornua bid for slice of €455m milk power sales
Published 09/12/2015 | 02:30
Ireland will be selling 45 million litres of milk in the form of 20g powder sachets in Nigeria within the next five years, according to Ornua.
The predictions come as the company opened a new €2m packing facility in the country's capital, Lagos, last week.
Ornua, formerly the Irish Dairy Board, has been on a major drive to find new markets for the extra one billion litres of milk coming on stream since quotas ended.
It comes as Teagasc forecast a slow recovery in the first half of next year with milk prices predicted to rise from an average of 30c/l this year to 31.5c/l next year.
Ornua's Lagos facility, which is a joint venture with a large distribution company called Fareast Mercantile Company (FMC), will repackage 25kg bags of full cream powder into 20g packs under the Kerrygold brand.
The sachet format is very popular in Nigeria, with an estimated 100,000t of milk powder sold annually in these packs.
Nigeria is Africa's most populous country with a population of 185 million and its market for milk powder products was worth €455m last year.