How to start a palm oil processing business in Nigeria?
Palm oil is the most consumed edible oil worldwide. It is especially in high demand in West Africa, where it is used in almost every home for cooking and few other purposes. Presently, the global Palm Oil market is worth hundreds of millions of dollars. There are so many opportunities in Palm oil production for interested entrepreneurs. You can make a lot of money by tapping into the lucrative market that this business has to offer. But how to start a palm oil processing business in Nigeria? Maybe the following introduction will be helpful. Palm oil processing business 1) Raw materials: Firstly, you need to collect enough palm fruit bunches. You can collect them from your own oil palm plantations or you can buy the palm fruits from local farmers. In a word, you need to confirm how many tons or hectares you can get from them. Palm fruit bunches 2) Market: It includes two parts of sales market and distribution channel. Due to the different market has the different req