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.
What is edible oil production process?
Production process Edible oil production in general is of two types in terms of the manner by which the production stages or the manner the seeds undergo processing, which are crude and refined oil production. In crude processing impurities are separated from seeds by vibratory screens, pneumatic cleaners and magnets.
How does the government supply edible oil?
The Government supplies edible oil through its Public Distribution Shops. Nowadays, big oil mills go for largescale production and reap the economies of scale of production. The profit in largescale units attracts many new firms to the market. The existing small firms are unable to compete with the large firms in marketing their products.
What is edible oil?
Market Investigation 3.1.1. Product description Edible oil produced from Niger seed and cotton seed which are common in the edible oil market will be the major product of the envisaged project. The oil and protein contents of the seeds vary with the variety and agro climatic conditions. Some verities may have up to 25% oil content.