Groundnut Oil Production Business Plan And Feasibility Study
Groundnut Oil Production Business Plan And Feasibility Study. Firstly, Groundnut is one of the most important oilseed crops in the world. Likewise, it contains 48-50% oil, 26-28% protein and 11-27% carbon hydrates, mineral and vitamins. Furthermore, this covers; Producing Groundnut Oil In The World, Groundnut Oil Production, Groundnut Oil Production, Processing Of Groundnut Oil,Executive Summary Of Groundnut Oil and others.
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Oftentimes, Groundnut are cultivated sole or mixed with other crops (mixed cropping). More especially, maize, sorghum, cotton, Ben-seed (sesame) sunflower etc. 55% of the groundnuts producer in Nigeria practiced mixed cropping. Thinking of writing a business plan and a feasibility study Report? Let’s write you an irresistible one that can help you get that Loan or Investors sign up. Contact Us on +2348036925718 for faster response.
Producing Groundnut Oil In The World
Furthermore, Groundnut is grown on 26.4 million hectares worldwide, with the total production of 37.1 million metric tons and average production of 1.4 metric tons per hectare (FAO, 2011). Also, Groundnut is the 13th most important food crop and 4th in oilseed crop of the world. Groundnut seeds (kernels) contain 40-50% of fats, 20-50% and 10-20% carbohydrates (FAO 2009).
Groundnut seeds or nuts are nutritional source of vitamin E, Niacin, Falacin, calcium, phosphorous, magnesium, zinc, iron, riboflavin, this amino and potassium (FAO, 2009). Lastly, Groundnuts (peanut) are consumed directly raw, roasted or boiled. Oftentimes, the extracted oils are use by household and industry for other production.
Groundnut Oil Production
Nigeria is the largest producer of groundnut in Africa. Likewise, accounting for more than half of Africa’s total production. Furthermore, Nigeria is also the third largest producer of groundnut and oil in the world after China and India. The Food and Agricultural organization puts the amount of groundnut and groundnut oil produced from 2011 to 2013 at 8,774,457 tons and 900,900 tons respectively.
Processing Of Groundnut Oil
Also, Groundnut manual processing has been existing in Nigeria for a long period of time especially in rural areas. Groundnut are processed into groundnut oil, groundnut powder, and other local delicacies. However manual production of groundnut oil and powder is relatively slow and does not conform to the high hygiene standards required high end markets.
Executive Summary Of Groundnut Oil
Bills Groundnut Oil is a start-up groundnut oil production and processing firm. Basically, we are into sales and distribution of quality and affordable groundnut oil (varieties), groundnut cake, and other groundnut oil derivatives. Similarly, we target consumers in the Northern Nigeria and also the international market. We are located in Delta State.
Bills Groundnut Oil is established as a limited liability company. It is owned by Barry, Kate and other investors. This farm is managed and directed by Chris, a veteran in the Agric. industry with 8 years’ experience and Blessing, an experienced Agro-allied specialist with over 15 years’ experience.
Products And Services
Bills Groundnut Oil will sell groundnut oil products, including groundnut cake. We’ll also be offering hiring services of equipment to other business. Likewise, we produce, process and package to meet standard organization of Nigeria and international standard. We are concerned about providing products that suit the many use of groundnut oil either for edible or industrial uses.
According to United State Department of Agriculture, the groundnut oil production in Nigeria is 920,000 metric tonnes (MT) (2012), which is far below 1,315 MMT domestic demands in 2012, within the period a deficit of 470,000 were imported the same year to supplement the domestic production. This large deficit is definitely a huge market potential for small and medium scale local groundnut oil. Furthermore, our groundnut oil are processed locally to preserve all the vitamins. Likewise sell at a cheaper price.
Competitors for Bills Groundnut Oil are Sharada Oil Mills, Starlex oil and Agon Bello Global Services. Bills Groundnut Oil’s competitive edge includes the use of modern milling equipment which turns out high quality products, excellent customer service, the expertise of its founders, unique branding and penetrative marketing etc.
Bill Groundnut Oil seeks N10 million in long-term financing to cover start-up costs, equipment, building expenses, and working capital. Similarly, the Funding for the launch of the business is provided primarily by equity from the partners and investors.
Furthermore, the business will breakeven on the10th month of operation. After 10th year, the business will payback the investment capital. This include the loan and other obligations. Revenue will top N174,880,000 with gross margin of 31% in the 1st year of operation.
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Companies In Palm Kernel oil
Presco and Okomu Oil are the main company in the palm oil industry. These integrated companies has farms, milling and refining plants. Our products has large targeted market, like homes and food production industry. More especially our non – food grade oils for cosmetics and other industries. Also, the current business environment favors local producers and processors of vegetable oils and derivatives.
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We can carry out research and develop MBA grade business plans that you can present to a bank or investor. Intuitively, Chris Farm Nigeria develops well self-explanatory, irresistible feasibility studies or business plan for your Business start ups, Business Growth or Expansions through either personal funds, Grants, or loans, which could be new or existing ones. We delight in writing for people under Academic sectors, production sectors, manufacturing sectors, processing or packing sectors, advertising sectors, marketing sectors and other related sectors on mini, middle and large scale businesses.
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Intuitively, our feasibility study and business plans are explicit. Likewise, becomes irresistible when you show them to your investors or sponsors. It gives you a clear picture of what you are to see. Especially, when you put the feasibility study or business plans into use.
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Similarly, it shows how much it will cost you to own your desired business, what your money can afford. The kinds of product you will need to minimize input in other to maximize output. Likewise, how much returns you will get at the end of each accounting year until your business break-even on its initial investment capital. Lastly, this will give the intending business person or investor or farmer, a vivid idea on the possible benefit he or she stands to gain, when he or she starts doing the business. However, the intending business person or investor or farmer will not need a soothsayer to make decision for him or her.
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