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PALM OIL PRODUCTION AND EXPORT BUSINESS OPPORTUNITY


BACKGROUND INFORMATION

Palm Oil is derived from the West African palm fruit, which was imported to Southeast Asia from Africa in the 19th century and continues to enjoy extensive production in Indonesia and Malaysia. Palm oil makes up nearly 50 percent of edible oils consumed worldwide. Apart from being a popular ingredient in African food (especially soups, stews and porridge), palm oil has one of the most versatile uses of any plant product. Nigeria is the fourth largest producer of palm oil in the world accounting for 3% of global production. The Nigerian Institute for Oil Palm Research (NIFOR) estimates that upstream palm oil production is 0.98 million tons. Palm oil is an edible vegetable that is used in food, toiletries, cosmetics, and cleaning products around the globe.

WHY CHOOSE PALM OIL

Although there are other alternatives, including rapeseed and sunflower oil, palm oil is preferred to a variety of other vegetable oils for the following reasons:
1.      Palm oil can be extracted all year long: with a year-round harvesting period; palm oil is an attractive choice for product manufacturers as the ingredient is in ample supply throughout the year.
2.      Cost Efficiency for Manufacturers:  When compared with sunflower and rapeseed oil, palm oil uses ten times less product than sunflower and rapeseed oils used for the same purpose. Palm oil is a popular ingredient as it maintains a solid state in room temperature products, such as lipstick; therefore, manufacturers can use less of the ingredient.
3.      Higher Product Yield:  Approximately 4,000 kilograms of palm oil is produced per hectare. This yield is much higher than other vegetable oils, making palm oil a more affordable product to manufacture and export.
4.      Low Cost in Maintenance – A significant problem for most exporters of edible crops is the cost of product maintenance, including pesticides, fertilizers, and water. Overall, palm plants require less fertilizer and pesticides overall. The plant can also retain more carbon, which is better for the environment, as plants use carbon to fuel their growth.

USAGE AND INTERNATIONAL DEMAND OF PALM OIL

Despite being an edible crop, palm oil is used in a variety of products both edible and inedible. Because it’s safe for consumption, palm oil is a popular ingredient in cosmetics and toiletries such as lipstick, lotion, and cleaning detergent that aren’t eaten but come into contact with the skin. It’s also important to note that palm oil is used and in high demand around the world, including in Africa, Europe, and North America. The following are a few popular industries using palm oil:

a.      Cosmetics Industry: Palm oil is used in manufacturing of cosmetic products, such as lipstick as it doesn’t have a strong odor or flavor, and as an added benefit it holds color. Palm oil is a viable alternative to other edible vegetable oils, as it doesn’t typically melt at higher temperatures.
b.      Food Industry: Chocolate, instant noodles, bread, and frozen snack products are just a few places that you may find palm oil in your local grocery store. Palm oil is used in chocolate to improve its texture and appearance and as an alternative to other oils that would be more likely to melt. Palm oil is used to pre-cook noodles in popular microwaveable instant products. Finally, palm oil is used in frozen products including french fries, breakfast items such as waffles and pancakes, and other bread products.
c.       Soap Industry: Palm oil is used in traditional bar soaps, hair conditioners, and also detergents as a buffer against cleaning agents that strip natural oils.

HARVEST

During harvest, usually between March and May of every year, the prices of palm oil reach very low levels due to the abundance of the product on the market. However, during the off-peak (non-harvest) periods, when palm oil becomes scarce, the prices expectedly go through the roof.

EQUIPMENTS NEEDED FOR PALM OIL PRODUCTIONS

To start palm oil production, you need the following equipment’s:
1.      PRESSER
2.      DIGESTER
3.      LISTER ENGINE
4.      CRACKER ENGINE
5.      FILTER
6.      BOILER DRUM
7.      SEPERATING KNIFE
8.      BOILING TANK

INTERNATIONAL SPECIFICATIONS

a.      Moisture and Impurities: 0.01%
b.      Saponification Value: 195 – 205
c.       Iodine Value:   50 – 55
d.      Taste/Odour:  Bland

EXPORT BUSINESS OPPORTUNITY

Palm Oil is traded internationally under the name: Crude Palm Oil (CPO) because there are other types of Palm Oil that can be derived from Crude Palm Oil after refining it. Export of Crude Palm Oil is a profitable business opportunity as there is a wide range of usage for it. Therefore, the demand for Crude Palm Oil is very high in the international market. The Return on Investment (ROI) is within 35 – 60%.
Starting a Palm Oil Export Business is very interesting but like every other business, it requires learning the technicalities of selling your product in the international market and having a good mentor. At TOSFAT Concepts, International we will train you on how to start Palm Oil Export Business and also let you know various way we can be of help to you in order for you to achieve your dreams in the Palm Oil Export Market. It is better to make a wise decision by learning about this market, this will save you from losing money or time.

Subscribe for our comprehensive virtual/online training programme. You will have access to real life information which will go a long way in assisting you succeed. If you are a Palm Oil Supplier locally, we are looking forward to welcome you. Join TOSFAT SUPPLIER’S NETWORK today.

To contact us:
Email: business@tosfatconcepts.com.ng
             tosfatconcepts@gmail.com
Phone: +2348038248222
              +2348076000259

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