Introduction to palm oil
Are you interested in starting a palm oil plantation and you need advice on how to go about it? Do you need a sample palm oil plantation business plan template or feasibility study report? Then i advice you read on.
LOOK!!! There is currently a revolution going on in the agricultural industry, not only in Nigeria but all over the world. Food is an important necessity of life and the world governments cannot allow food shortage as it might lead to crisis. If there is any better time to start a business in the agriculture sector, that time is now.
Do you have an undeveloped land in a remote area, or you inherited a land that you know you will not be developing in the next ten years? Then this is the best time to turn that land into an income producing asset.
Why You Should Start a Palm Oil Plantation Today
The oil palm tree is one of the most useful trees ever known.
Every part of the tree – from its fruit to its leaves and trunk, and to its sap – is used for one thing or the other. While the fruits are processed into palm oil and palm kernel oil, the fronds (leaves) are used for roofing houses in rural areas and camps, and the sap (palm wine) is a refreshing drink taken in many parts of Africa.
Palm oil is red in color and is used for domestic cooking in many countries. It is also used in the production of soaps and cosmetics, just like palm kernel oil, which is made from the same fruit.
If you live in a country like Nigeria, Ghana, etc; where red palm oil is in huge demand domestically and industrially, you can make huge profits by starting an oil palm plantation. Read on to find out what you need to know and do to start an oil palm plantation.
The oil palm is as old as creation, every part of the three is useful economically and for domestic purposes. The botanical name of oil palm is Elaeis guineensis. It is generally agreed that the oil palm originated from the tropical rain forex region of west and central Africa, as well as Malaysia and Indonesia. Oil palm crop is one of the highest oil yielding crops among all the perennial crops. Oil palm tree produces edible palm oil as well as palm kernel oil, its considered as golden palm due to its high yielding capacity.Red Palm Oil Tree Plantation is one of the most useful plantation in the world. Nothing in palm tree that is not useful, from the fruit to the palm frond, everything is used for one thing or the other that brings benefit to man. The use of red oil palm fruit to extract edible and useful red oil has been in practice all over the world for many centuries.
Almost the entire economy of countries such as Malaysia depends of palm oil plantation and exportation. Making the country one of the biggest player in the palm oil industry. They account for the estimated 5% of global productions. Malaysia is currently producing more than 20 million tonnes of palm oil and holds the second largest palm oil producer position in the world after Indonesia. Nigeria being the world leading producer and exporter of oil palm in the 1960 has falling to fifth position and unfortunately became a net impoter to meet the growing domestic demand. Demand is primary drive by the household consumer who prefer to consume the technical palm oil (TPO) become of its flavor profile, but its completed by an increasing demand for the special palm oil (SPO) which can then be fractionated into RBD to meet the needs of industrial processors. Though domestic production is nearly 900,000 tons. There is an estimated overall gap in Nigeria of between 150 and 300,000 .tons of of TPO and 200000 tons of SPO, much of which is currently met through imports. The Nigeria oil palm belt covers twenty four states. Palm oil is naturally reddish in color because of high beta carotene content. Its not to be confused with palm kernel oil derived from the kernel of the same fruitor coconut oil derived from the kernel of coconut palm. The differences are in colour( raw kernel oil lack carotenoids and is not red ), and in saturated fat content: palm mesocarp oil is 49 percent saturated, while palm kernel oil and coconut oil are 81 and 86 percent saturated fat respectively.