how can one start a palm oil business in lagos in liberia

   
how can one start a palm oil business in lagos in liberia
                                               
                                               
                                               
                                               
  • how can one start a palm oil business in lagos in liberia
How to start a palm oil business?

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.

How to make money with palm oil?

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.

How much does it cost to start a palm oil plantation?

Note that the most profitable of these three is oil plantation and at the same time, it needs huge capital. The cost of starting a Palm oil plantation business including the cost of machinery, land, workforce, etc could go as high as N25 to N50 million naira.

How to sell palm oil?

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.