Future prospects of the Nigeria palm oil industry
Nigeria is world's fifth largest producer of palm oil. The palm oil is a blessing for Nigeria due to the country's abundance of natural resources. But in palm oil produciton process, still some serious questions, such as palm oil extraction efficiency is low, palm kernel waste is serious, and people too dependent on crude palm oil, instead of refined palm oil products. On the other hand, considering the government is eager to curb expansion of palm oil plantations, existing palm oil players become more valuable. As such, the palm oil industry's prospects are gloomy for the foreseeable future.
Palm oil production in Nigeria
What are matters that hamper development of Nigeria's palm oil industry?
a, Awareness of the need for more environment-friendly policies
b, Land disputes with local communities due to a lack of clarity regarding land ownership
c, High logistics cost due to the lack of quality and quantity of infrastructure
d, Palm oil extraction machine and palm oil extraction technology is not enough advanced
Traditional palm oil processing machine in Nigeria
Although the problem is very research, regarding the long term the palm oil industry remains lucrative for the following reasons:
1, Big profit margins, while the product is simple to produce. (Palm oil is one of the world's most produced and consumed oils. This cheap, production-efficient and highly stable oil is used in a wide variety of food, cosmetic and hygiene products, and can be used as source for bio-fuel or biodiesel. )production
2, Large and increasing international demand
3. Crude palm oil (CPO) production costs in Nigeria are the lowest worldwide
4, Higher rates of productivity compared to other edible oil products;
5, Most investors are wise, they choose to buy mature palm oil processing machine from China , Malaysia, and Indonesia.
6. Most people have realized the value of palm kernel oil and they begain to start palm kernel oil mill plant to produce palm kernel oil and refiend palm kernel oil;
Now some Nigeria investors beagin to buy high efficiency palm oil processing machine from china ,Indonesia, and Malaysia
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