(NDPI Foundation), #9. The estimate for oil palm plantations in Nigeria ranges from 169,000 hectares (72,000 ha of estate plantations and 97,000 ha of smallholder plantations) to 360,000 hectares of plantations. 2 OIL PALM 2.1 Origin of oil palm. (List 25), #21. It is generally agreed that the Oil Palm (Elaeis guineensis) originated in the tropical rain forest region of West Africa.The main belt runs through the southern latitudes of Cameroon, Côte d’Ivoire, Ghana, Liberia, Nigeria, Sierra Leone, Togo and into the equatorial region of Angola and the Congo. It has now gotten to the point where more than 500,000 tons of palm oil must be imported just to satisfy domestic demand. ERE Consulting Group Sdn Bhd 1 Issue 2.0/June 2012 1. Yet, as smallholders contemplate the overdue replanting of old trees, some oil palm estates may well become Musang King durian plantations because this particular species of durian is commanding astronomical prices in China. 4. i dont believe in theory,when we start work here ill pour it out directly from my brain with full step by step pictures to make it more interesting, Aregbesola Interacts With Farmers In Their Cocoa Plantation (pics), Cost Analysis/How To Setup Plantain Plantation In Nigeria With Pictures, Two Nigerians Go Into Agriculture Because Of Economic Hardship. government., including child labor. So it's about a rate of 110 trees per acre. The space is wide enough to let any other crop do well until the oil palm trees starts closing canopies. One month before planting, dig a hole at each place where you have put a peg. The tree requires a deep soil, a relatively stable high temperature and continuous moisture throughout the year. Maybe about 1250-1400 trees in 12 acres. 4)How many tonnes of fruits an acre can produce a year? 1. Among the many lucrative business opportunities, Palm Oil Production Business in Nigeria is among one of the good ones that can yarn maximum profit to those whom established it. The hole should be 0.60 metre long and wide, and 0.80 metre deep. ", 20 Biggest Pros and Cons of American Imperialism, Tesla SWOT Analysis (2021): 28 Biggest Strengths and Weaknesses, 14 Core Values of Amazon: Its Mission and Vision Statement, Is AliExpress Legit and Safe: 15 Tips for Buyers, How Does Zoom Make Money: Business Model Explained, A Look at Southwest Airlines Mission Statement: 10 Key Takeaways, Apple’s Mission Statement and Vision Statement Explained, How Does WhatsApp Make Money: Business Model & Revenue Explained, How Does Discord Make Money: Explanation of Business Model, Is Mercari Legit and Safe: 15 Tips for Buyers and Sellers, NEO PI-R Explained: Neuroticism vs Extraversion vs Openness vs Agreeableness vs Conscientiousness. Several companies are leading the way in trying to expand the palm oil industry. There is no doubt that oil palm is one of the best agricultural investment ever, you make money from the almost everything on the plant,its the best investment for the young,the old and the businessmen, you make money from it every year even without doing much work.. 1. 2. Setting up a palm oil processing mill in Nigeria would minimize the cost on raw material purchase and transportation. (Statista), #2. One of the most important economic activities to take place in Nigeria is the processing of palm fruit. The hole should be 0.60 metre long and wide, and 0.80 metre deep. 1. for a profit of 1 acre just reached 100.00 to 300.00 usd / month. 6. Planting pattern for a plantation. Even in superficially similar agro-ecological environments, the yield responses of oil palm to fertilizers can vary substantially (Foster, 2003). (FBN Quest), #5. Because of over-tapping and a reliance on traditional methods, the industry’s share of the market has continued to fall since then. Tag: Oil Palm Planting Distance How Many Oil Palm Trees In 1 Acre. The aim is to plant the trees right. (NDPI Foundation), #12. Palm oil is sold both in the local and international markets. About 300 yards of rainforest are cleared each hour to create increased levels of palm oil production. The fertilizer requirements of oil palm depend on many interrelated factors that vary from one environment to another (Foster, 2003). If planted too closely, the trees will not fruit properly because of lack of sunlight. if your investment is 1000 acres then your profits from 100,000.00 to 300,000.00 usd / month. Palm oil and palm kernels traditionally compose up to 20% of Nigeria’s total exports. Something that you can harvest within a year. (One Green Planet), #16. If you live in a country like Nigeria, Ghana, etc; where red palm oil is in huge demand domestically and industrially, you can make huge profits by starting an oil palm plantation. The data are from twelve oil palm companies, ten of which are Malaysian-owned. Many Indonesians eat fish. Nairaland Forum / Nairaland / General / Agriculture / Invest In Oil Palm Plantation (39035 Views), Aregbesola Interacts With Farmers In Their Cocoa Plantation (pics) / Cost Analysis/How To Setup Plantain Plantation In Nigeria With Pictures / Starting An Oil Palm Plantation (2) (3) (4), Cucumber Farmers Your Advice Is Required / Two Nigerians Go Into Agriculture Because Of Economic Hardship. (NDPI Foundation), #10. At the same time, the difference in oil production from a plantation-grown palm to one that grows in the wild is a 5:1 ratio. (World Wildlife Fund), #19. Startup capital; You should know that starting a palm tree plantation farming business in Nigeria is a capital intensive agribusiness venture. (NDPI Foundation), #8. Re: Oil Palm Seedlings At Affordable Price by Bethelseedlings: 8:58pm On Jun 21, 2017; The fruit. See How To Advertise. There is a 30% mark-up for TPO and a 17% mark-up for bulk SPO and TPO. 5 years ago. Mr. Reddy-September 10, 2017. IMPORTANCE:- (1) the mesocarp oil is between 50%-65% depending on the variety. OIL palm is still the most efficient oil crop in the world in terms of yield per hectare. Growing Oil Palms (Palm Oil) For Beginners. Two companies are operating and registered outside of Malaysia: one is registered in Singapore, the other … There are over 2,500 species of palm trees. (NDPI Foundation), #15. Subscribe to Get Post in E-mail. Every palm tree requires a 10-foot diameter to be clear, so the tree can grow properly. 2 OIL PALM 2.1 Origin of oil palm. On any given harvest, up to 50% of the oil that is possible from the palm fruits is lost. Palm oil is a highly versatile product. (University of Minnesota), #6. 3 Answers. It’s chain of production includes cosmetics, candles, and biofuels, in addition to food products. Most parts of Africa, especially West Africa, lie in the world’s oil palm belt – a region which produces the best results for oil palm plantations. Average yields are 10,000 lbs/acre, and per acre yield of oil from African oil palm is more than 4-fold that of any other oil crop, which has contributed to the vast expansion of the industry over the last few decades. Pig Farming Subsidy and Loan in India – A Full Guide. [Recommend reading: 1-5tph complete set palm oil processing machinery ] The higher palm oil processing machine configuration, the more palm oil you will get. About 1.405 thousand metric tons are consumed each year. Palm trees may grow up to sixty feet and more in height. Domestic production of palm oil in Nigeria is at nearly 900,000 tons. The palm oil comes from palm oil trees that grow in the tropics. if your investment is 1000 acres then your profits from 100,000.00 to 300,000.00 usd / month. Two companies are operating and registered outside of Malaysia: one is registered in Singapore, the other … Opportunity #1 – Grow an oil palm plantation. The estimate for oil palm plantations in Nigeria ranges from 169,000 hectares (72,000 ha of estate plantations and 97,000 ha of smallholder plantations) to 360,000 hectares of plantations. In 2015, mature lands made up about 95% of the total land area that was available to the top producers of palm oil, Presco and Okomu Oil. Yet, as smallholders contemplate the overdue replanting of old trees, some oil palm estates may well become Musang King durian plantations because this particular species of durian is commanding astronomical prices in China. Recovery of food prices and agricultural commodities Last year many We believe now is a good time for you to start looking for oil palm land. Palm oil is ranged as one of the four worst global industries for forced labor by the U.S. Your Email I accept the privacy policy. Starting a Palm Oil Plantation – Sample Business Plan Template. The fertilizer requirements of oil palm depend on many interrelated factors that vary from one environment to another (Foster, 2003). The traditional market for palm oil is usually served by small-scale producers in the industry. Startup capital; You should know that starting a palm tree plantation farming business in Nigeria is a capital intensive agribusiness venture. However, my dilemma is where and who to buy from and sell to and start off costs involved...please, any ideas? Pull out tree stumps and remove fallen trees close to the pegs, because these stumps and trees would interfere with the oil palms. Starting a Palm Oil Plantation – Sample Business Plan Template. At the beginning of the 20th century, about 250,000 tons of palm oil competed with the Nigerian market for global attention. Oil palm is a typical crop of the rainy tropical lowlands. INTRODUCTION Oil palm (Elaeis guineensis ) is a cross-fertilizing arborescent monocot of the genus Elaeis that originates from West Africa (Hartley, 1988). Despite the influences of Nigeria on the palm oil industry, Indonesia and Malaysia account for 90% of the global market supply. Pictures, Meet Reston Tedheke Ex-Militant, Who Is Ga'ate Farmer In Nasarawa. with an investment then you had no trouble finding factories, workers and marketing of your palm. Recent Posts. Tag: Oil Palm Planting Distance How Many Oil Palm Trees In 1 Acre. (NDPI Foundation). Tag: Oil Palm Cultivation In Orissa. Important Nigerian Palm Oil Industry Statistics #1. (FBN Quest), #4. 0 0. Favourite answer. The tenera variety yields about 4 to 5 tonnes of crude palm oil (CPO) per hectare per year and about 1 tonne of palm kernels. The following are the producing states, Cross River, Eboyi, Akwa, Ibom, Abia, Rivers, Bayelsa, Imo, Enugu, Anambra, Delta, Edo, Osun, Oyo, Ogun, Ondo, Ekiti. Your Name. Growing Oil Palms (Palm Oil) For Beginners. Top 10 Countries (% of world production) 1. For instance, the Central Bank of Nigeria set up a $130m initiative offering farmers who have at least 1 hectare of land loans at a 9% interest rate, which is below the benchmark interest rate of 14%. In oil palm farming you can interplant cassava, plantain etc. 1. Ogungbemi. Image courtsey; Jamie Oliver. Filed in Agricultural Science Project Topics, Current Projects by TMLT Editorials on October 13, 2020 Organisms Associated with Palm Oil Fruit. Just one tablespoon of it contains up to 55% of the daily recommended levels of saturated fat. What do you … 1. Oil palm is produced in 42 countries worldwide on about 27 million acres. This is because, you need to buy or rent a land, buy the palm seedlings, hire laborers, and also maintain the palm tree plantation for at least 2 years before you can start making money from your oil palm plantation in Nigeria. THE BEST NUMBERS OF PALM TREE PER ONE ACRE IS 60/ ACRE.THIS IS TO AVOID OVERCROWDING .AND MAKE FOR BETTER YIELD. 1. Oil palm cultivation is originally from Western Africa which is located in a tropical area but currently grown throughout Africa, Asia, North America, and South America, c urrently, Nigeria palm oil production accounts for 7% of total global output.. So, oil palm is the most important crop in Nigeria. Pictures / Meet Reston Tedheke Ex-Militant, Who Is Ga'ate Farmer In Nasarawa, Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10). Although it is still a major contributor to the palm oil industry worldwide, Nigeria is no longer the world’s top producer. How Do I Source For Fund To Start Up a Catfish Business; How Much Capital Do I Need For Palm Oil Business; How To Start And Run a Mushroom Farm In Lagos; 2 Answer(s) Votes; Oldest; 0; A bundle of Cassava sticks is around #350 here in Osun state. Thanks! They are very important religious symbols. In triangular planting method, with a spacing of 9 meter x 9 meter x 9 meters, 143 to 145 oil palm plants can be accommodated in 1 hectare land. Malaysia and Indonesia now produce 85% of the world's palm oil. Image courtsey; Jamie Oliver. 1 decade ago Oil Palms are a tropical plant, that needs 80 to 95 f. temperatures, at least six hours of direct sun and won't grow well at an elevation above about sixteen hundred feet. • 1 Metric Ton (MT) of Fresh Fruit Bunch (FFB) can generally produce 200 kg or 20% of Crude Palm Oil (CPO) and 50kg or 5% of … How To Start Oil Palm Farming In Nigeria: Complete Guide; How To Start Ewedu Farming Business In Nigeria: Complete Guide; How To Start A Profitable Melon (Egusi) Farming Business In Nigeria (List 25), #23. This is because, you need to buy or rent a land, buy the palm seedlings, hire laborers, and also maintain the palm tree plantation for at least 2 years before you can start making money from your oil palm plantation in Nigeria. Depends on where you live,closeness to the road and labour cost...labour cost in Lagos state is different from Ekiti. Cost of Cultivation of Saffron, Saffron Business Plan. If you live in a country like Nigeria, Ghana, etc; where red palm oil is in huge demand domestically and industrially, you can make huge profits by starting an oil palm plantation. Many types of staples come from palm trees. 10,000 / spacing in sq meter is the formulae. Answer Save. Read on to find out what you need to know and do to start an oil palm plantation. In 2015, mature lands made up about 95% of the total land area that was available to the top producers of palm oil, Presco and Okomu Oil. What’s more, Nigeria has great demand of crude palm oil. 1 decade ago. Even in superficially similar agro-ecological environments, the yield responses of oil palm to fertilizers can vary substantially (Foster, 2003). That is why this industry is thriving today, but there are also challenges that must be met along the way. The older trees have smoother trunks apart from the scars left by the fronds which have withered and fallen off. (List 25), #18. If you crush a ton of palm kernel oil using an oil press expeller, you will most likely get approximately 400litres of palm kernel oil and 600kg of palm kernel cake. This can be advantageous when you are trying to match all trees to a specific height. 132Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland. Palm trees can also be observed in village gardens where they provide oil for local consumption, but in that case both yield and oil quality are much lower. OIL palm is still the most efficient oil crop in the world in terms of yield per hectare. If you have good quantity of palm oil, selling it is never a problem because it is a product that always in high demand. • 1 acre of mature palm can generally produce an average 0.8 MT of Fresh Fruit Bunch/month. Many Nigerians believe that the only time you can gain in Palm Oil Production Business in Nigeria is only when you stock it up and sell it the next season when it is scares. The following are the producing states, Cross River, Eboyi, Akwa, Ibom, Abia, Rivers, Bayelsa, Imo, Enugu, Anambra, Delta, Edo, Osun, Oyo, Ogun, Ondo, Ekiti. There is an estimated supply gap of up to 500,000 metric tons that the palm oil industry in Nigeria could tap into for additional revenue opportunities. Many Nigerians believe that the only time you can gain in Palm Oil Production Business in Nigeria is only when you stock it up and sell it the next season when it is scares. One of Nigeria's former first ladies, Ajoke Muhammed, now devotes her time to saving indigenous plants, including the West African nation's many species of palm tree, writes Adaobi Tricia Nwaubani. I pitch my tent here. Which Palm trees are you planning to grow? Nairaland - Copyright © 2005 - 2020 Oluwaseun Osewa. Since 2001, bulk crude and refined vegetable oils have been prohibited from entry in Nigeria. Date and oil palms do best with fifty to sixty/acre. 5)Where can I buy genetically modified through biotechnology oil palm seeds and how much does it cost? I have never sat to count a bundle of … It accounts for about 80% of the total production of palm oil in Nigeria. Palm trees are made up two different types of leaves which are the palmate and the pinnate. 2 0. Your Name. (NDPI Foundation), #13. 1 decade ago Oil Palms are a tropical plant, that needs 80 to 95 f. temperatures, at least six hours of direct sun and won't grow well at an elevation above about sixteen hundred feet. PLANTING OUT THE OIL PALM SEEDLINGS. ERE Consulting Group Sdn Bhd 1 Issue 2.0/June 2012 1. Cost of Cultivation of Saffron, Saffron Business Plan. Domestic pricing for palm oil is almost on the import parity price for the product, which includes a duty of 35%. There are different varieties of oil palm: 1. dura palms have kernels with a thick shell; 2. pisifera palms have kernels with no shell; 3. tenera palms have kernels with a thin shell. That has created new plantations and expanded existing operations, but it has also encouraged overgrowth. There are about 70,000 square miles that provide excellent growing conditions for wild palm oil, called the “Palm Belt.” Most of this area is located in southern Nigeria. Even when the tree is at the peak of production - 7m by 7m will reduce your yield...don't doubt it - Planting above 150 seedlings on an hectare....u will regret it - Going into oil palm farming without a plan to process it ...is a waste of time. NIFOR, Acharu substation in Kogi State, Nigeria and Oil Palm Producers in the State. Up until the 1960s, Nigeria controlled more than 40% of the world’s palm oil needs. Relevance. Taking palms out of the wild and onto plantations has expedited the growth of the industry. 3. Not all palm trees are "trees," and not all plants called "palms" are truly palms. 6)Will genetically modified oil palm fruits heavier or we can sell with higher price? Tag: how many oil palm trees in 1 acre. The nine states that are found within the Niger Delta account for nearly 60% of the total production values for the Nigerian palm oil industry. I advise you to invest your money in oil palm plantations. Subscribe to Get Post in E-mail.