Created by: KR Foods
When you think of palm oil business, what easily comes to mind is the local Miller in your community with dirty clothes and meager income or the palm oil merchant that buys oil in season, stocks and sells in the off-season (prospector).
None of these businesses can encourage a sophisticated investor to see opportunities in the palm oil industry.
But those picture lie to us. The truth is that palm oil like the oil and gas industry has had years of technological evolution. Unfortunately, (Nigeria) we as a global palm economy has failed to evolve. This hot us to a point where we became net importers of palm oil.
Fortunately, some private companies have taken the bull by the horn to launch successful palm oil businesses from automated milling to kernel processing and refining operations. These businesses earn billions of Naira monthly, quarterly or yearly depending on scale.
These businesses have spurn a consciousness for investors to invest in palm oil for social and economic prosperity.
We are fortunate to be in the league of extraordinary palm oilpreneurs😉😉😉.
THE VIDEO
This is an automated 100 tons per day palm kernel crushing mill.
This mill is designed to reduce labour cost and optimize yield and efficiency. The 2 key critical success factors in a palm processing operation.
Compared to the local operation, this is designed to yield 30% more oil which translates to millions of Naira at scale.
It is common knowledge that profitability inpalm oil business thrives on economies of scale.
This video speaks to the opportunities that exists in the palm oil industry to build a prosperous, economically diverse and food secure nation.
If you enjoyed the piece, do well to like the video and drop comments in the comment section.
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