The company’s revenue also climbed 24% year-on-year to N442.1 billion (US$363.6 million), buoyed by strong performances in flour, rice, and pasta segments.
The conference highlighted the growing need for sustainable, high-protein feed options to support rapidly expanding fish farming sectors.
This dramatic rise positions Nigeria as a key player in Russia’s expanding agricultural trade with Africa.
The first convoy, made up of 105 wagons carrying 3rd and 4th category wheat, departed Kazakhstan on April 30.
The annual survey gathered data from 142 countries and 28,235 feed mills.