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SHEA BUTTER PROCESSING AND EXPORT IN NIGERIA: THE OPPORTUNITY.
Nigeria, the leading producer of Shea butter in the world with a production capacity of about 500,000 metric tons produced mainly from the use of crude implements is yet to fully realize her potentials in the processing and export of Shea butter owning to a number of reasons. Unlike other agricultural products like ginger, sesame seed, peanuts whose export potential are well known , the export potential of Shea butter is not well known hence the need for this article.
Shea nuts which crushed and boiled to yield Shea butter is gotten from the Shea nut tree. The tree is also called "The Karite tree", which means 'the tree of life'. It is called this name because of the numerous healing characteristics it possesses. The trees grow mostly in Africa and are found in the dry savannah belt of West Africa where the north central region of Nigeria falls under.
In specific, Shea product can be gotten from Kwara , Niger , Kogi states and in southern states like Ogun and Oyo states. Based on distribution, two species of the product has been identified namely Vitellaria paradoxa and Vitellaria nilotica. Vitellaria paradoxa is produced mainly in the West African region while Vitellaria nilotica grows mainly in northern Uganda and southern Sudan.
Shea butter is mainly used as cooking oil, in the making of chocolate and candle and as moisturizers in the cosmetic industry. It is used in the treatment of skin disorders like eczema, burns, rashes, stretch marks, acne, wrinkles, skin discolorations, itching and other skin problems. It also provides natural protection from the sun's UV rays. It is also an excellent agent for softening skin. It can also be used to maintain hair moisturization especially in dry hair.
Shea Butter comes in different grades: Grade A; Grade B; Grade C; Grade D; or Grade F. When laboratory analysis is done, grade is determined by the presence or absence of various nutrients. Grade A is the highest and best quality for cosmetics and personal industry. Grade D is the lowest grade missing most of the valuable nutrients. The highest grades are awarded to those butters with the largest Bio-active fraction (5% and above), a good safety screen, and rancidity value below 10. To that end, only the best preparation of unrefined shea butter can earn the Grade A status.
Because of the limited amount of the Bio-active fraction preserved during the refining process, refined Shea Butter scores are typically grade C, sometimes Grade D, but never Grade A. and rarely Grade B.
Grade F is reserved for Shea Butter not fit for human use. Grade F Shea is contaminated by microorganisms (such as mold, yeast or coliform bacteria) or contaminated with heavy metals (such as lead or mercury).
In the international market, the price per ton for Shea butter packaged packed in 20 pound dark plastic sacks or 50 kilo dark plastic containers or coated steel drums ranges from USD1,800 to 2,800/MT depending on the quality while the local market price ranges from NGN180,000.00 to NGN250,000.00 Ex Lagos delivery.
The return on this project is quite attractive and impressive that it would be difficult for any financial institution especially banks with discerning credit officers to turn down any loan request for funding this project. Promoters of this venture will also feel comfortable to release their hard earned money to finance this project.
The successful implementation of this project begins with the preparation of detailed and bankable feasibility study report to ascertain the actual cost/benefit status of the project. Company registration with Corporate Affairs Commission and Nigeria Export Promotion Council is also required.
To continue reading this article and other investment opportunities in Nigeria, please do click on the link below
SHEA BUTTER PROCESSING AND EXPORT IN NIGERIA: THE OPPORTUNITY.
Click on the link below to know more about this offer.
Can
you supply shea butter from Nigeria and you are seeking for export
contract? Then use our business process outsourcing service. Contact us
with the details given below with the subject line as SHEA BUTTER EXPORT
IN NIGERIA: SHEA BUTTER EXPORT CONTRACT.
At
Foraminifera Market Research {www.foramfera.com}, we provide bespoke
and up to date market research reports for beginners and exporters
already in the commodity export market.
Our
reports are designed to assist start-ups to understand the legal and
financial requirements of starting the business, the market trends
vis-a-vis demand and supply, competition, risk identification and
mitigation strategies.
You can order our detailed feasibility report on the export of shea butter in Nigeria by clicking on the link below.
Report Title: SHEA BUTTER EXPORT IN NIGERIA
Report Code: FORA/08/2011/034
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