How many budget is needed to start a palm oil processing business in Nigeria?
Many customers from Nigeria often ask how many budget is needed to start a palm oil processing business in Nigeria. Actually, the cost of setting up a palm oil mill depends on many factors, such as palm fruit cost, factory cost, palm oil processing machine cost, shipment cost, installation cost, workers cost, electricity cost and so on.
[Related reading: How to start a medium scale palm oil processing plant in Nigeria?]
Henan Doing Company often received many inquiries about how many budget is needed to start a palm oil processing business in Nigeria
As a palm oil processing machine manufacturer, Henan Doing Company can only tell you the cost of buying palm oil processing machine. Actually, the palm oil processing machine prices changed with the input capacity and the processing technology you chosed. That means different configurations have different price, so you need tell us your detailed requirements.
Palm oil production is through processing palm fruit to get crude palm oil, refined palm oil or palm olein and palm stearin. If you want to get palm olein and palm stearin, you need complete palm oil production line, which contains three workshops.
1. Palm oil extraction production line;
2. Palm oil refining production line;
3. Palm oil fractionation production line;
From palm fruit to red palm oil, RBDpalm oil, palm olein and palm stearin need different palm oil processing machines. Fortunately, we all can supply.
In addition, the cost of Henan Doing Company's palm oil processing machines will be the most reasonable, as we are manufacturer. We have own factory which can supply palm oil processing machine with factory price. From raw material procurement to equipment manufacturing, our factory can do everything independently. What's more, you can choose the configuration of these machine according to your actural situation. For example, 300-500kg/h palm oil press machine, 1-5tph complete set palm oil processing machine, 10-120tph large scale palm oil processing machine. Of course, their prices are different, too.
The above photo show us the small scale palm oil press machine, 1-5tph small scale palm oil processing machine and 10-120tph large scale palm oil processing machine
If you really want to start a palm oil processing business in Nigeria, you can see the profit analysis bellow.
Take an example, you process 1T FFB (fresh palm fruit bunches ) ,You will get 200kg palm oil (Please see the the following theoretical analysis table). And the price of 1T ffb is 100-150USD/ton, the price of 1T palm oil is 500-670USD/ton. You are likely to get an average of N25,760 profit after process 1T FFB (fresh palm fruit bunches ). That translates to N257,600 per day if you work 10 hours a day.
According to the theoretical analysis table, you can figure out how many tons of palm oil you can get from 1t FFB
It should be noted that there is a ban placed on the importation of palm oil into Nigeria, so Nigerian government encourages local investors to go into palm oil production industry. Given that at the present palm oil production level doesn't meet the demand of Nigerian people, to set up a palm oil mill plant in Nigeria is a wisdom choice.
Welcome to contact us, and our palm oil processing machine engineer will give you a professional solution and feasibility program on palm oil processing machine.
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