You should aim to bargain for good prices for the palm nut bunches. The accounting records are in accrual basis. Getting an efficient supplier is key to how well your business will thrive. Feasibility Study On Palm Oil Production In Nigeria A feasibility study on palm oil production is one of those necessary requirements, hence the reason for this article. This ebook contains all you need to know in starting palm oil business in Nigeria including the business plan and feasibility studies.
Depending on the scale of the palm oil production business you would want to operate, you should get a good land of suitable size. In fact it is recommended to consume more of palm oil because of its high vitamins A and E content as well as other minerals. We are Professionals in writing business plans, proposals, feasibility study, etc. In this business one of the ways to make huge profit is by setting up a palm oil plantation for high quality growth, palm oil products could be exported to various countries , etc but on this post we you will learn some of the basic thing you need to know before venturing into this business. This will result to increase in profit and profitability since there are no too many competitors in the south east region market.
The nuts are then returned to the polythene bags and kept in cool places. Palm oil is a commodity that is widely consumed by Nigerians. Palm oil production especially its refining has largely been done using crude technology. The financing and funding of the project will come from the collective contribution if the partners and also from the local government. There are two methods of doing this.
Spread in broad bonds, for older palms. Feasibility study for the establishment of a Palm Oil Mill. The proposed project is found to be mechanically feasible, financially viable and economically desirable. Palm Oil Plantation Business Plans And Feasibility Get an. In the period of January to May, 20 litres of palm oil could be sold for as high N5,000; while in periods of June to December, where palm oil usually experiences scarcity, 20litres of palm oil could be sold for as high as N8,000 or more. It will also give you all needed guide to start an ultra-modern palm oil mill processing … Feasibility of setting up a palm oil processing plant. We will be informing our customers through our various or multiple channels of communication about the availability of our products after the production process.
Palm oil presents a lot of opportunities for business. Foraminifera Market Research provides bespoke market entry solution to both local and international investors in the small and medium scale industry and in different market segments of the Nigerian economy. During process, the main point of clarification is to separate the oil from its entrained impurities. There is, however, the great burden of establishing its worthiness from the private and public participatory standpoints. Be the first to get hot investment and business opportunities in Nigeria by subscribing to our E Magazine, Investing in Nigeria.
There will be administrative and personal department and marketing department. This is necessary as you will be offering a lot value to customers which is virtually labor free and quick. As a matter of fact, people also ask, How palm oil is extracted? Among the small- scale producers, traditional or semi-mechanized methods are used for oil extraction from the fresh fruit bunch. In any case the staffs of the mill should be trained to exercise care in handling the fruit to avoid excessive bruising. For each stage, the materials and energy flows are presented and discussed.
By e-mail Trust us 100% to do that. Results also show a great impact on community welfare reflecting in social, economic and infrastructural indices. The required startup capital estimate for a one ton per day capacity palm kernel oil production plant is N 5,890,000. The white inner kernel inside the seed of the palm oil fruit can be further crushed to produce palm kernel oil, which has hundreds of uses. The bulk of the palm oil in the area is from domestic production which most times are substandard. The Dura has a large nut with a thick shell and thin mesocarp. They are found in clusters and are mainly the result of natural seed dispersal.
The main raw material for the production of palm oil is the palm fruit. In recent times, farmers have looked at creating a hybrid oil palm to facilitate more produce and profit. Palm Oil Production and Processing Business plan in Nigeria. The first three years will be used to consolidate its hold on the raw materials bases while continuing its production process in the state. However there are other traditional ways you can do this but using the modern machine makes the job a whole lot easier.
The factory will employ the use of improved facilities and latest technology for the better standard of the products. The Pisifera is a small fruit with no shell. In assessing the profitability and economic stability of a business like smallholder palm oil processing, a feasibility study needs to be considered. Please, do not hesitate to ask us for the way forward. The Analysis of variance showed that there were significant differences P 0. The installed capacity of the proposed factory is two thousand 2,000 litres per day tons of single shift of eight 8 hours each working at eighty percent 80% of the installed capacity for three hundred 300 working day producing about sixteen thousand 16,000 packs of five 5 litres of palm oil bi-monthly with input output ratio of 1:20 or 20% yield.
It gives you a clear picture of what you are expected to see when you put the feasibility study or business plans into use. The Nigerian soil and climate is suitable for the cultivation of several agricultural products including both food and cash crops including rubber, cocoa and oil palm. This enables it to produce fruit that are large and well ripened containing a lot of oil for extraction. Out of the total biomass generated by the mills only 12. If you are going to be selling locally, it is expedient to make urban centers your major target areas as the consumption of oil in such areas far outweighs the supply.