cooking oil from palm oil refinery for export in nigeria

   
cooking oil from palm oil refinery for export in nigeria
                                               
                                               
                                               
                                               
  • cooking oil from palm oil refinery for export in nigeria
Why do Nigerian refineries use palm kernel oil?

More than 60% of refineries in Nigeria are built on palm kernel oil as raw materials. This is because processing of palm kernel oil involves degumming, bleaching, deodorization, cooling, and packaging. This product is liquid at ambient conditions except during the rainy season when the product congeals due to low temperatures (<20°C).

Can Presco plc help Nigeria grow its palm oil production?

Nigeria¡¯s palm oil imports from Malaysia, a leading global producer, increased by 65.3% in the first nine months of 2023. Businesses like Presco Plc can play pivotal roles in addressing these challenges and maximizing the potential of palm oil production in Nigeria.

Is Nigeria a good producer of palm oil?

Emeka-Onyenacho argues that Nigeria is less of culprit than Indonesia and Malaysia ¡ª the world¡¯s top palm oil producers. ¡°Nigeria isn¡¯t cutting down and burning forests as much,¡± he notes. Some producers are also signing up to certification schemes, such as the one run by the Roundtable on Sustainable Palm Oil.

Does Nigeria have a supply gap for palm oil?

To meet the supply gap of palm oil, the country had to depend on importation over the years. However, in 2015, the CBN published a list of 41 items, including palm oil, as ineligible for forex through the Nigerian interbank market to encourage local production and manage foreign reserves.