Why you should invest in Oil Palm

The oil palm tree is one of the most useful trees ever known. Every part of the tree – from its fruit to its leaves and trunk, and to its sap – is used for one thing or the other. 
While the fruits are processed into palm oil and palm kernel oil, the fronds (leaves) are used for roofing houses in rural areas and camps, and the sap (palm wine) is a refreshing drink taken in many parts of Africa. Hence, having an Oil Palm Plantation guarantees your ability to provide and sustain the following key Oil Palm Investments;
Palm Oil
Palm Kernel
Palm Kernel Oil
Palm Kernel Cake
Palm Kernel Sludge
Other derivatives.
You should be interested in investing in Oil Palm and its value chain because presently (2016) with an estimated population of 190, 000, 000 (One Ninety Million) Nigeria annually spends a whopping $320,000.000 (Three Hundred and Twenty Million usd) in importing about 600,000 MT of crude oil palm to meet a local demand and consumption figure of 1.54 Million MT.
Think about the prospect in 2050 when Nigeria’s population is projected to grow to nearly 400 million.

With the high industrial uses for PKO which is gotten from Palm Kernel and also the very important use of the Palm Kernel Cake in the feed industry, market prospect remains very high and promising for any investor.

 Advertise your agricultural produce on agroEXpand. It is totally free.


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