Palm oil is a common cooking ingredient in the tropical belt of Africa, Southeast Asia and parts of Brazil. Its use in the commercial food industry in other parts of the world is buoyed by its lower cost and by the high oxidative stability (saturation) of the refined product when used for frying. PALM OIL EXTRACTION business is a mega millions business for making most money.
Do you know that you can make N200,000 and above daily even as a medium scale producer? Are you aware that palm kernel oil product is one of the few product you can sell right at the point of production, without necessarily needing to take it to the market?
Depending on your financial capacity, It can be run in a small, medium and large scale. You may be wondering but where can one get palm kernel in large quantity? It is produced in hundreds of thousands tones in the Eastern part of Nigeria annually. All you need to do is to go set up this business around the east or you transport the product to your desired location and mill.
It is however most profitable when you set it up where you can Palm Kernel Nuts PKN in large quantity due to transportation costs and other logistics. Ondo state is also good at the production of palm kernel too, so you may decide to source there if you're within West.
Now, Let's Take a Look at The Closer Analysis
PKN - Palm Kernel Nut. The is the nut you get when a palm kernel's hard shell is broken. That's the nut where the oil we are talking about is extracted from.
PKO - Palm Kernel Oil. This is the actual oil that is being extracted from palm kernel nuts, the actual product or one of the main product we are talking about here.
PKC - Palm Kernel Cake. This another product that is being derived from the palm kernel extraction process and it makes up good percentage of the palm kernel produce.
According to a reliable statistic, it is believed that in every 25 metric tons of good palm kernel nut one is expected to get 10 metric tons of Palm...