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SUPPLY PALM KERNEL NUTS TO LOCAL INDUSTRIES IN NIGERIA AND MAKE HUGE PROFIT.
SOFT COPY SUBSCRIPTION
Annual subscription x 12 issues
Never miss another issue of Investing in Nigeria magazine. Get an Annual Subscription and get Investing in Nigeria magazine delivered direct to your E- Mail Address every month!
You would also have 12 months access to over 50 market intelligence reports on our website.
N5, 000 for 12 issues
Euro 25 for 12 issues
$32 for 12 issues
Subscribe Now!
For more on our subscription and membership package, please do visit http://www.foramfera.com/index.php/membership-zone
SUPPLY PALM KERNEL NUTS TO LOCAL INDUSTRIES IN NIGERIA AND MAKE HUGE PROFIT.
In the past when agricultural was still the mainstay o5f
the Nigerian economy, the west grew cocoa and timber, the North groundnut while
the eastern part of the country comprising the present day Anambra, Imo, Abia,
Ebonyi and Enugu states produced mainly, palm oil.
In Nigeria, oil palm is indigenous to the coastal plain, having
migrated inland as a staple crop. Four products namely palm oil, palm kernel
cake, palm kernel shell and palm kernel oil can be derived from the processing
of oil palm.
Palm
kernel nut is that which is gotten from the cracking of the shell of palm
kernel fruit after the palm oil has been extracted. Palm kernel nuts is use in
the production of palm kernel oil and palm kernel cake which is used in the
preparation of animal feed.
Palm kernel oil {PKO} is an important and cheap source of
oil for soap manufacturers ,bio-fuel, cooking oil, vegetable ghee, Shortenings,
Margarine, CBS,CBE, ice cream, dough, creaming, coating, and other specialty
fats while palm kernel cakes are used in animal feed production.
The business involves the buying and selling of palm kernel
nuts and the product is usually sourced from different of the rain forest zone
of Nigeria. The price is a function of the location, demand and supply as well
as the source of the product.
In terms of cracking, there are two types of palm kernel
nuts, hand cracked and machine cracked with each having its own advantage and
disadvantage.
The advantage of the machine cracked palm kernel nut is the
output, that is, they have higher output than the hand cracked palm kernel nut
but can lead to the breaking of the nut which would lead to it losing too much
oil compared to the hand cracked.
The product is usually packaged in jute bags and the seller
can decide to package in 50 KG each for easy calculation.
Since the price is quoted in metric ton, 1000/KG makes 1
ton and this helps in easy transportation of the goods.
The manpower required to run the
business is 2 with one purchasing the goods and the other selling to the buyers
but the same person can perform the two functions.
The return on investment is estimated at between 10% -15 %
and the transaction can be completed in a week.
To continue reading this article and other investment opportunities in Nigeria, please do click on the link below
SUPPLY PALM KERNEL NUTS TO LOCAL INDUSTRIES IN NIGERIA AND MAKE HUGE PROFIT.
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and up to date market research reports for beginners and on-going
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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 palm kernel nuts trading
to local industries in Nigeria by clicking on the link below.
Report Code: FORA/08/2012/105
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