palm kernel oil production business plan in lagos
- Product Using: Producing Palm Oil
- Type: Palm Oil Production Business Plan
- Main Machinery: Palm Oil Production Business Plan Machine
- Automatic Grade: Automatic
- Production Capacity: 98%
- Model Number: DT
- Voltage: 220V/380V/440V
- Power(W): 10-50kw
- Dimension(L*W*H): According to palm oil processing capacity
- Weight: According to palm oil processing capacity
- Certification: ISO9001
- After-sales Service Provided: Engineers available to service machinery overseas
- Product name: Dependable Performance Palm Kernel Oil Mill Machine
- Warranty: 12 Months, long term technical support
- Supply scope: EPC/Turn-key Project
- Plam oil extraction method: Press method
- Acid value: depend on the palm fruits quality
- Color of crude palm oil: brown red
- Color of machine: depend on your requirement
- Oil content in palm fruit: 22%
- Refined palm kernel oil: No smell , light color , low acid value
- Palm kernel storage: storage palm kernel with a silo with ventilate system
- Project Location: lagos
Palm Kernel Oil Business Plan [Sample Template]
Purchase of truck for palm kernel oil distribution – $50,000. Raw materials (palm kernel nuts) and packaging materials – $20,000. Marketing budget and promotion expenses for the launching of Henai Palm Kernel Oil Inc. as well as for a running period of six months – $10,000. Cost of hiring business consultant – $3,000.
Palm Kernel trees which bear the nuts are indigenous to the Southern part of Nigeria. They are particularly the main stay of the economy of the people of the old Eastern Nigeria, Benue and Kogi States. Palm Kernel nuts are oil bearing seeds. They contain between 40% and 48% of oil, 55% and 47% of cake and 5% of sludge and debris.
PALM KERNEL OIL PRODUCTION BUSINESS PLAN IN NIGERIA
This sample Palm Kernel Oil Production Business Plan In Nigeria can be used for Grant Applications, Bank Loans, Proposal writing, Business Concept Note, Competitions etc. Palm Kernel Oil Production Business Plan is a lucrative business that needs a lot of strategic Planning to start and a business coach like Dayo Adetiloye to help you start the
PALM KERNEL OIL BUSINESS PLAN - Free download as Word Doc (.doc), PDF File (.pdf), Text File (.txt) or read online for free. This document provides details on conducting a feasibility study for palm oil production in Nigeria. It discusses the components of a feasibility study, including an executive summary, technical feasibility, legal
Palm Kernel Oil (PKO) Production In Nigeria, The Feasibility
The market for palm kernel oil is national. With a population of over 140 million people and an estimated national population growth rate of 5.7% per annum ,an average economic growth rate of 3.5% per annum in the past five {5} years, Nigeria has a large market for palm kernel oil. The demand is high but local supply dwindling production outputs.
The cost of starting the palm kernel oil extraction business in nigeria is about 10.5 Million Naira only. On a small scale base of 48 ton per month only the gross profit stands at 6 million Naira per month. The complete business plan is bank ready to help you access capital loan from a bank or other investors for your new Palm Kernel Oil business.
Palm Kernel Oil Production In Nigeria, The Feasibility Report.
The market for palm kernel oil is national. With a population of over 140 million people and an estimated national population growth rate of 5.7% per annum ,an average economic growth rate of 3.5% per annum in the past five {5} years, Nigeria has a large market for palm kernel oil. The demand is high but local supply dwindling production outputs.
Ensure the space is cool, safe, and dry. Rent a space or a room where you can store the palm oil while you wait for the right time to sell. Additionally, you will need to purchase kegs or drums to store your oil. Most times, people go for the 25litre yellow kegs.
How To Start A Profitable Palm Oil Business in Nigeria
Requirements To Start A Palm Oil Business in Nigeria. Here’s a breakdown of the essential requirements to start a palm oil business in Nigeria: 1. Land and Location. Palm trees require well-drained, fertile soil with a pH range of 6.0 to 8.0. Adequate rainfall or irrigation is crucial for optimal growth.
The required start-up capital estimate for a one ton per day capacity palm kernel oil production plant is N 5,890,000.00 and the business is expected to generate a
- How much palm kernel oil is consumed in Nigeria?
- FAS Lagos forecasts Nigeria¡¯s palm kernel oil consumption in MY 2021/22 at 440,000 metric tons (MT), up almost 29 percent or some 100,000 metric tons MT compared to the USDA official 2020/21 estimate of 340,000 metric tons.
- Will Nigeria's palm kernel oil start stocks in 2021/22?
- FAS Lagos forecast Nigeria¡¯s palm kernel oil beginning stocks in MY 2021/22 at 3,000 metric tons (MT) unchanged from the USDA official MY 2020/21 estimate. Processors expect some increases in demand/price for palm kernel oil, especially for industrial uses (including usage as biofuel), in the upcoming marketing year.
- How much palm oil will Nigeria produce in 2021?
- FAS Lagos forecast Nigeria¡¯s palm oil beginning stocks in MY 2021/22 at 59,000 MT, down by massive 88 percent compared to the USDA official MY 2020/21 estimate of 111,000 metric tons. In June 2019, the Nigerian government formulated a new policy that plans to invest some $500 million in oil palm production.
- What is Nigeria's oil palm development plan?
- The country¡¯s Oil Palm Development Plan includes a greater focus on increasing the national production average from below 1 million metric tons (MMT) of oil palm to 5 million metric tons (MMT) by 2027. Currently, Nigeria¡¯s demand for palm oil outweighs its supply. Nigeria population is estimated to be around 219 million in July 2021 (CIA.gov).