According to the Ethiopia standard all edible oil must be refined, although a number pf specific oil seed must be semi refining. Several efforts geared towards addressing the growing demand for cooking oil with locally produced oil is well underway. CHAPTER THEREE – MARKET AND DEMAND ANALYSIS 3.1. Market Investigation 3.1.1.
What is Ethiopian edible oil company’s policy?
The company`s policy is to command high reputation from its clients by rendering fast, compressive and most efficient service. According to the Ethiopia standard all edible oil must be refined, although a number pf specific oil seed must be semi refining.
How will the oil cake project generate income?
The project under consideration, upon going operational, will generate income mainly from business activities; sales of refined edible oil and by product (oil cake). The oil is sold to the general public for cooking food whereas the oil cake will be sold to commercial livestock farms such as dairy, poultry, and fattening farms.
Is edible oil a viable business idea in Ethiopia?
Economic feasibility investigation result also shows the profitability of the business idea, since, the net present value is positive which mean acceptable and viable for implementation. The Ethiopian government is aiming to achieve self-sufficiency in edible oil by 2015.