Why you should invest in palm oil processing and production business in Nigeria?

Industry News / Chat on line / Give me a price / Date:May 24, 2019

There are many reasons show that invest in palm oil processing and production business in Nigeria is a very lucrative business. Main reasons as follows: Palm oil is the most consumed edible oil worldwide, and it is a popular food ingredient in Nigeria; Palm oil is an important export commodity which has a high demand in Africa and even Europe. Palm oil has many uses. Apart from cooking, it is used as raw material for industrial products. Palm oil is a healthy cookig oil. It has low cholesterol level, improves eyesight, contains vitamin E, and increases the body’s immunity to diseases.

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Palm oil is the most consumed edible oil worldwide, as it is a popular food ingredient in Africa and some parts of Asia (such as in Malaysia and Indonesia). Palm oil is in greatest demand in Nigeria, where it is used in almost every home for cooking and few other purposes. But in spite of this, the region produces less than 5% of the palm oil produced worldwide. Malaysia and Indonesia are the world’s largest producers and exporters of the commodity, and Nigeria is one of their biggest export markets because countries in the region are not producing enough palm oil to meet the demands of their local markets.

Palm oil is an important export commodity which has a high demand in Africa and even Europe. Africa produces just 5% of the world’s demand for palm oil. Leaving a large portion of production and exportation to Indonesia and Malaysia.

Palm oil has many uses. Apart from cooking, it is used as raw material for industrial products such as; soap, bio-diesels, margarine, cosmetics, pharmaceuticals, lubricants, etc.

Palm oil has a long shelf life. It can be stored for over one year without losing nutrition, taste or quality. You may have observed people buy red oil during one period of the year and sell in another period. This is good business.

Palm oil is a healthy cooking oil. It has low cholesterol level, improves eyesight, contains vitamin E, and increases the body’s immunity to diseases.

Palm kernel oil is also extracted from the palm kernel fruit. Therefore if you want to go into palm oil processing business, you will also get a bonus for extracting palm kernel oil from the seeds which is equally important.

The weather condition in Nigeria favors the growth and cultivation of palm trees. If you want to invest in palm oil processing and production business, you won't worry the supply of raw materials.

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