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  • How much to start a palm oil business?
  • Since palm kernel oil production is a capital intensive process, you will need considerable cash upfront. For example, for a 5 tons capacity palm kernel oil mill, you will need an initial investment of roughly around 20 million Naira and above.
  • Which country has the highest demand of palm oil?
  • Global palm oil consumption by country 2022 In 2022, the largest consumer of palm oil was Indonesia with a total consumption of 18.76 million metric tons. The Southeast Asian country was also the leading producer of palm oil.
  • How much oil can be extracted from 1 kg of palm?
  • The only straightforward way to calculate the ratio of oil palm fruit lets to extracted oil is called oil extraction rate, or simply OER. So far, Ii have seen the highest OER of 25%, which means from a 1kg of palm fruits, you can get 250g of crude palm oil.
  • How profitable is oil palm plantation?
  • Oil palm is a very profitable venture with the net profit estimated to be about N3 million per hectare (NIFOR). Economically, the sector has created so many job opportunities and a source of income for both the farmers and the millers in the State.