The oil palm industry is mainly made up of locally produced oil palm and imported ones. fThe industry however has bright future prospects due to the ever increasing industrial and domestic demand for processed oil palm fruit products including palm oil and palm kernel oil.
Should you invest in oil palm fruits processing?
Moreover, since the study indicates that investing into oil palm fruits processing is capital intensive, it is recommended that financial institutions and other investors should extend credit to those who are interested in venturing into the oil palm fruits processing business.
Why is palm oil processing a major source of income in Nigeria?
Palm oil processing is a major source of income and employment to a large proportion of the resource-poor rural population in Nigeria especially in Ndokwa West Local Government Area. High cost of processing equipment has discouraged intending processors from establishing and investing in palm oil ventures.
What are the key trends in the palm oil industry?
h as food processing, cosmetics, and biofuel.Market Analysis:The palm oil industry is experiencing significant growth, driven by rising global demand for v getable oils and increasing awareness of sustainable sourcing. Agrolearner.com F several key market trends and opportunities:Growing Demand: Palm oil is a versatile and cost-