Ebisworld Palm Kernels

COMPANIES THAT BUY PALM KERNEL NUT & SHELL IN NIGERIA

LANDMARK CONCEPTS & MARKETING

landmark concepts & marketing is a company registered in nigeria in 2000, we have constant supply of coconut shell to our numerous buyers all over the world, we can also supply palm kernel oil and palm kernel cake in large quantity.

Telephone234-803-3056310AddressPLOT 22, ILORING CRESCNET, AGBARA ESTATE, ALONG BADAGRY EXPRESS

Dintex Ventures LTD

Dintex ventures LTD is in Aba, Abia State. Its a company that solely specialises in exportation of hardwood charcoal and palm kernel shell. We are known of high quality and prompt to duty. Our company started since 1999. We are looking for buyers of hardwood charcoal and palm kernel shell.

Telephone234803-704-7975Address37 Bible College Road Ogbor-Hill, Aba, Abia State, Nigeria

Allover Shipping Company Limited

Allover Shipping Co. Limited is a is a fully registered company in Nigeria with main business as shipping. The company presently has three indigineous Directors with each specialising in one area of operation. The company engages in buying Agricultural commodities and using its shipping knowledge to...

Telephone234-01-7228824Address19 Oyekan Rd, Apapa, Lagos, Nigeria

COMPANIES THAT BUY PALM KERNEL NUT AND OIL IN NIGERIA

1.Sunny Oil Nigeria LTD

This company was also provided by one of our users. Thanks again Chidi

Find them here:133, Isolo Road, Mushin, Lagos State

You can reach them via +234-1-522815

2.Planet Oil And Chemical Industries Limited

For those in Abia state they are located around TonyMas factory.

Find them Here: 4 ,Aba-Enugu Expressway, Aba North, Abia

You can call them on 08033174054

3.Om Oil Industries Limited

These guys have been here for quite a while, they were formerly at Yaya Abatan before they moved.

Find them here: 1, ACME Rd Est, Ogba, Ikeja, Lagos

4.Phemson Nig Ltd

They produce Vegetable oil and Banga Oil

Find them here: 176 Abeokuta Exp. Way, Iyana Ipaja, Lagos

5.Emily Millionaire Cosmetics

Most ladies will know them for their Hair creams that are made from Shea butter.

Find them here: 11 Alapade Street, Balogun, Lagos

Bonus

Palm Kernel oil Buyers in Nigeria

6.Multisoap
Km 31 Lekki Epe Expressway, Bogije Elemoro, Lagos

7.Emily Jude
!2 Thomas Olaniyan Street, Lagos
[email protected]

Palm kernel nut is that which is gotten from the cracking of the shell of palm kernel fruit after the palm oil has been extracted. Palm kernel nuts is use in the production of palm kernel oil and palm kernel cake which is used in the preparation of animal feed.

“Oils” is a collective term for more or less viscous, generally organic-chemical liquids. Depending on their chemical composition, a distinction may be drawn between fatty, essential, mineral and silicone oils. Fatty oils include liquid, semisolid and solid products of vegetable and animal origin. They are also known as sweet oils.

Palm kernel oil is a white to yellowish oil of vegetable origin which is solid at normal temperatures and is obtained from the kernels of the oil palm (Elaeis guineensis). It is one of the best oils. Palm kernel oil is different from palm oil, which is obtained from the flesh of the fruit.

Palm kernel oil is processed to yield edible fats, soaps and candles and is used in the confectionery, pharmaceutical and perfume industries.

The occurrence and distribution of palm kernel nut which is a bye-product in the production of palm oil can be gotten from any of the rainforest zone states to include Anambra, Oyo, Edo, Akwa-Ibom, Cross River, Osun, Ondo, Delta amongst others.

The market for palm kernel oil is national. With a population of over 165 million people and an estimated national population growth rate of 5.7% per annum ,an average economic growth rate of 3.5% per annum in the past five {5} years, Nigeria has a large market for palm kernel oil, hence palm kernel nuts.

The market for Palm Kernel Oil (PKO) is very large. About 80% of all the edible vegetable oil consumed in Nigeria is made from refined palm kernel oil.

The demand for palm kernel nuts is a reflection of the demand for palm kernel oil. The higher the demand for palm kernel oil the higher the demand for palm kernel nuts.

PALM OIL BUSINESS

How to Start Palm Oil Business In Nigeria

The palm oil business is one of the lucrative businesses in Nigeria because of its diverse usefulness and the huge profit involved. In Nigeria, palm oil is one of the essential needs for cooking most meals. The interesting part of this business is that every part of the palm tree (fruits, leaves, trunks, and sap) is used for different things.

The palm fruits are processed to produce palm oil, the leaves on the other hand are used for roofing homes in rural areas. While the popular palm wine which is the sap is a refreshing and widely loved beverage in Nigeria.

Gone are the days when people think that the only sector to make cool money in Nigeria is oil and gas. Nowadays, industries that are being overlooked are the ones raking in huge profits for the business owners.

An aspiring entrepreneur must be able to look wide and deep when investing in a business. Not long ago, Nigeria was the third-largest producer of palm oil, with over 2.3million hectares (5.7×106 acres) under cultivation.

This article covers everything you need to know about starting and running a successful palm oil business in Nigeria. Additionally, you will also learn about the different areas of the palm oil business so you can choose the best that works for you depending on your start-up capital.

Palm Oil Business Defined:
Palm oil is an edible vegetable oil derived from the fruit of palm trees and it is reddish in colour. It is a native oil with rich components found in Nigeria and some parts of Africa. Palm oil can thicken when you store it in a cool place for a long time.

Uses Of Palm Oil
A lot of people know palm oil to be used for cooking. Asides from being used for cooking, palm oil can be used for:

Prevention of vitamin A deficiency, cancer, brain disease, and aging
Production of soap, cosmetic, body cream, exfoliation cream, margarine, etc
Release of stomach pain
Production of drugs
Treating malaria, high blood pressure, high cholesterol, dementia, etc
Weight loss and for increasing the body’s metabolism
Water treatment
Production of dog and other domestic animal food
Preservation of food
See Also: How To Start E-Commerce Business in Nigeria

Requirements Needed To Start Palm Oil Business
The basic things you need to start this business are:

Capital
This is the money you need to begin your palm oil business. The cost to be factored into your capital should include:

Land acquisition or land rental cost
Cost of hiring employees
Farm maintenance cost
Cost of purchasing the seedlings
Processing machine cost
Cost of means of storage
Transportation cost

Land
The scope of your business will determine the size of land to acquire. It could be a few acres of land or hectares of land.

Labor
Here, you may need to hire people to assist you in doing the processing. However, you may go for part-time staff who will only work at different stages of the business.

For instance, you may need a tractor operator to clear the land, then hire other people for the planting process. And during harvest, you can hire workers for harvesting.

How Profitable Is Palm Oil Business?
The palm oil yield per hectare is estimated at 8 tons per year at most. Additionally, the profit farmers make per hectare is around 3.4tons per year.

There are other factors that also affect the profitability of your palm oil business such as the effect of pests and other diseases. Hence, this should be taken into consideration because it can affect the overall profit of your business.

Importantly, the age of the palm tree also has an effect on the yield. Normally, the peak production period of oil palm plantation is between seven (7) and eighteen (18) years after which it started to decline.

STEPS TO STARTING PALM OIL BUSINESS

Step 1: Choose The Palm Oil Business You Want To Invest In

Typically, there are three main types of palm oil business you can invest in. If you have the required capital, you can invest in the three. Otherwise, you can invest in one or two of the types explained below:

1. Palm Tree Plantation
Palm tree plantation is capital intensive and it requires patience. If you want to start earning from palm oil business immediately, this may not be the best option for you.

In this type of palm oil business, you will need to acquire a large expanse of land. Importantly, the soil must be tested to be sure it is appropriate for palm tree plantation. The land and type of soil used in planting and cultivating the palm affect the quality of the fruits.

The location of the land is also important for easy access to customers. The incubation period after plantation of the palm trees can take five to ten years before harvesting. After harvesting, you can either sell the palm oil kernel seeds to those processing it or you set up a mill to extract the palm oil.

To plant, you will have to buy seedlings. Usually, one seedling in Nigeria costs N150 and you will need at least 1000 seedlings for a start. Importantly, ensure you give at least 8-9 meters space between two plants.

2. Set Up A Palm Oil Extraction Mill
The second type of palm oil business is the setting up of palm oil extraction mill. This is also capital intensive but not as expensive as palm tree plantation. All you need to begin is the installation of palm oil milling machines for the processing of the palm oil kernel seeds.

Basically, you can either use the milling machines for personal or commercial processing. You can rent out the machine to people who want to process their palm kernel. You can make cool cash from this business
if you are positioned in an environment where the machine is usually needed.

One thing to note however is that palm oil has its season. The peak season is between January to May. So, you may not make so much money during the off-season which is around July to December.

Alternatively, you can install the milling machine for your personal use, process the palm oil kernel, and sell the palm oil to consumers or resellers.

To process for yourself, you need to purchase the palm kernel in large quantities from harvesters and process them into palm oil in your mill, then sell to retailers.

3. Sales Of Palm Oil
Most palm oil business owners invest in this type of palm oil business because it is the cheapest and easiest part of the business. This business involves the buying of palm oil in large quantities and selling to consumers.

To get more profit from this business, you can store the palm oil in a cool place for months, then sell them during off pick period when the supply of palm oil has reduced and demand is high.

This guide will focus on this area of palm oil business.

Step 2. Draft A Business Plan
As soon as you’ve selected your palm oil business niche, draft out a business plan that will guide your business transaction. While writing your business plan, you need to carry out a thorough feasibility study and market research to understand the nature of the business.

Learn about your competitions, the prevailing prices, and how and where to buy palm oil at a cheap rate. A business plan is a detailed document stating the short and long term objectives of your business and how to achieve them.

In writing your business plan, the following information should be included:

Executive Summary
Company Description
Team
SWOT Analysis
Market Analysis
Financial Analysis
Marketing Strategies
Competitive Analysis
Appendix

Step 3. Register Your Palm Oil Business With CAC
At entrepreneurs.ng, we encourage aspiring entrepreneurs to structure their business as soon as they begin. The first step to structuring your business is to register it with CAC. There are several benefits you stand to gain when you register your business. One of them is that you can open a corporate account where customers can pay into.

Additionally, registering your business makes your customers trust you. To begin, run a name search on CAC’s portal to confirm if your chosen name has not been registered by another person. Thereafter, you can begin the registration process. With basic information like valid ID card, passport photograph, signature and personal details, you are good to go.

Step 4. Set Up A Storage Space
The next step is to set up storage space. Ensure the space is cool, safe, and dry. Rent a space or a room where you can store the palm oil while you wait for the right time to sell. Additionally, you will need to purchase kegs or drums to store your oil. Most times, people go for the 25litre yellow kegs.

Step 5. Arrange With Suppliers
In case you are not the one producing the palm oil, you will need to have a solid arrangement with suppliers you can purchase from. If you carry out step two well, you will have the right knowledge suppliers to source your product from.

There are states in Nigeria that are known for producing palm oil in large quantities. Although there are several other states that produce palm oil, these states are seen as the largest producers of quality palm oil in Nigeria.

Delta State
Edo State
Akwa-Ibom State
Cross-River State
Bayelsa State
Imo State
Rivers State
Ondo State
Abia State
You can visit the various states to connect with suppliers of the best palm oil.

Step 6. Find A Good Means of Transportation
If you don’t know the right mode of transportation to use in transporting your goods, you may end up incurring huge costs that will affect your profit.

Hence, compare prices with several commercial carriers before settling for one. The easiest approach is to ask your supplier to suggest the cheapest, reliable, and safest mode of transportation to you as they’ve been in the system way before you. But, if you have your personal or company vehicle, you will not have a challenge with this step.

Step 7. Source For Customers
The efforts you put into steps one to five will go to waste if this step is not effective. You need a solid marketing plan which should be part of your business plan to succeed in this business.

As a matter of fact, it is better to source for your would-be retailers before buying or processing your palm oil. This will give you a ready market when you are ready to sell.

You can find retailers amongst market sellers, cosmetologists, housewives, etc. To attract a larger customer base, you can explore other modes of marketing such as:

Online marketing (social media, google ad, etc)
Referral marketing
Newspaper marketing
Word of mouth
Collaboration/Partnership
Furthermore, you can also export palm oil as some international countries may have the need for palm oil, and Nigeria is known for its quality palm oil.

If you are considering exportation, one of the trusted place to find international buyers is Alibaba.com, a website known for connecting suppliers or manufacturers with buyers. Vconnect is equally a good place to try.

There are companies in Nigeria that buy palm products. Some of them include:

° Phemson Nigeria Limited
A Lagos company involved in the purchase of palm oil and palm oil processing equipment.

° Planet Oil and Chemical Industries Ltd
This is another palm oil buying company located in Abia State. They also buy palm kernel oil as well.

° Sunny Oil Nigeria Ltd
This company is located at Mushin, Lagos. They also purchase palm oil products and palm kernel oil.

°OM Oil Industries Ltd
Another palm oil buying company located in Ikeja, Lagos Nigeria.

In conclusion, you cannot go wrong with palm oil business if you dutifully follow the steps highlighted in this article. As with every business idea we discuss on this platform, you can not substitute hard work and persistence. Work hard and stay the course, success will come. ©®

In order to raise your own oil palm seeds yourself, you need to get the high yield seed from the Nigerian Institute for Oil Palm Research (NIFOR) or any other places you can find it and make it germinate.

Note you can’t just take the seed and plant directly on the field like your maize seed. The oil palm seed required special care and treatment because if you do not take care of the seeds, it will take several years before they germinate. In order to ensure that your oil palm seed germinate fast, the seeds should be kept in a very hot room. Doing this we make the seeds to germinate in about 90 to 100 days (smiling).


Do you have the patient to wait for over 3months? If yes, then continue reading.

germinated nut
When the seeds have germinated, you transfer them into small plastic container with black loam manured soil. They will grow new leaf every month. The young seedlings will stays in the plastic container for about 4 to 5 months. When the seedling begins to bring out new leaf with two points you can then start transplanting to the nursery.

In raising oil palm seeds, you germinate it first in the pre nursery before transplanting to the nursery. The seedlings will stay in the nursery for 1 year before transplanting it to the field.

By that time, they will have about 15 green leaves. This is when you can finally transplant them into your prepared farm land.

Is it compulsory to wait till the seedlings have 15green leaves? Well, doing so we reduce mortality rate (probability of seedling drying out when you move it to field and also prevent transplanting shock)

The overall period it will take before the seedlings are transplanted into the farm is 15 to 17 months old.

You don’t really need to go through all this stress when you can just go to the agricultural institute to buy already prepared seedling at about N300 per seedling, before it was usually sold for N120. If you are planting 10,000 palms, you will have to have 300 x 10,000 = N 3 Million. So, germinating your own seedling is less costly but takes some times...

If you need up to 2.5 to 3 million Naira for your business, this is the right time to apply for AGSMEIS LOAN.
The loan has been restructured in such a way that Within Two months you can get your money .
Anybody that applies now will tell a different story from the old applicants who unfortunately stayed up to 9 months or even more before getting a feedback from. NIRSAL .
There are three mega things that can guarantee you the loan : Apply with AGRO/AGRIC BUSINESS, do not request more than 3 million Naira, pass your online assessment test .

* This loan does not have age limit.
Anybody can Apply

*It's federal government loan

* Only 5 Percent interest ANNUALLY.

*No COLLATERAL required.

*Moratorium: you can use the money for one year before paying back

* You have 7 years to pay back

* Level of education not necessary

* CAC CERTIFICATE is not mandatory

*it's for both start-up and existing Businesses

To apply , login to https://agsmeisapp.nmfb.com.ng

( PLS DOWNLOAD PUFFIN browser from play store to access this site)

SELECT ANY FEDERAL GOVERNMENT APPROVED CENTRE - (EDI) YOU KNOW TO COMMENCE TRAINING.
Don't UPLOAD business plan yourself; allow your EDI to upload it for you .

After application, don't wait for your EDI to ADMIT or call you because no EDI will admit you without payment. Physically locate your EDI CENTRE ,make payment and start training.

Good luck!

Kindly login to https://agsmeisapp.nmfb.com.ng
and register.
Pls register as an APPLICANT not as an EDI.
Select any EDI CENTER that is closer to you...

AGSMEIS AGSMEIS

PALM KERNEL NUT:

Palm kernel nut is that which is gotten from the cracking of the shell of palm kernel fruit after the palm oil has been extracted. Palm kernel nuts is use in the production of palm kernel oil and palm kernel cake which is used in the preparation of animal feed.

“Oils” is a collective term for more or less viscous, generally organic-chemical liquids. Depending on their chemical composition, a distinction may be drawn between fatty, essential, mineral and silicone oils. Fatty oils include liquid, semisolid and solid products of vegetable and animal origin. They are also known as sweet oils.

Palm kernel oil is a white to yellowish oil of vegetable origin which is solid at normal temperatures and is obtained from the kernels of the oil palm (Elaeis guineensis). It is one of the best oils. Palm kernel oil is different from palm oil, which is obtained from the flesh of the fruit.

Palm kernel oil is processed to yield edible fats, soaps and candles and is used in the confectionery, pharmaceutical and perfume industries.

The occurrence and distribution of palm kernel nut which is a bye-product in the production of palm oil can be gotten from any of the rainforest zone states to include Anambra, Oyo, Edo, Akwa-Ibom, Cross River, Osun, Ondo, Delta amongst others.

The market for palm kernel oil is national. With a population of over 165 million people and an estimated national population growth rate of 5.7% per annum ,an average economic growth rate of 3.5% per annum in the past five {5} years, Nigeria has a large market for palm kernel oil, hence palm kernel nuts.

The market for Palm Kernel Oil (PKO) is very large. About 80% of all the edible vegetable oil consumed in Nigeria is made from refined palm kernel oil.

The demand for palm kernel nuts is a reflection of the demand for palm kernel oil. The higher the demand for palm kernel oil the higher the demand for palm kernel nuts...

Your palm need to be planted preferably at the rainy season when it will have enough water in the soil for sustaining the young palm. Plant ...
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Your palm need to be planted preferably at the rainy season when it will have enough water in the soil for sustaining the young palm. Plant ...
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